{"id":28705,"date":"2022-05-31T09:27:33","date_gmt":"2022-05-31T13:27:33","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=28705"},"modified":"2024-07-28T07:37:38","modified_gmt":"2024-07-28T11:37:38","slug":"cryptocurrency-market-is-about-to-explode-says-celsius-ceo","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/cryptocurrency-market-is-about-to-explode-says-celsius-ceo\/","title":{"rendered":"Cryptocurrency Market Is About To Explode, Says Celsius CEO"},"content":{"rendered":"\n<p>Celsius's CEO said he believes the <a href=\"https:\/\/coinscreed.com\/staging\/south-korea-to-establish-supervisory-authority-for-crypto-in-june.html\">cryptocurrency market<\/a> is going to explode and that the inflation is not a long-term problem<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021-1024x768.jpg\" alt=\"Cryptocurrency Market Is About To Explode, Says Celsius CEO \" class=\"wp-image-14633\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021-1024x768.jpg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021-300x225.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021-768x576.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021-750x563.jpg 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021-1140x855.jpg 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>Cryptocurrency Market Is About To Explode, Says Celsius CEO<\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\"><ul><li><a href=\"#h-celsius-ceo-says-cryptocurrency-market-will-recover\" >Celsius CEO Says Cryptocurrency Market Will Recover <\/a><\/li><li><a href=\"#h-btc-record-nine-consecutive-weeks-of-loss\" >BTC Record Nine Consecutive Weeks Of Loss<\/a><\/li><li><a href=\"#h-jpmorgan-getting-involve-in-crypto\" >JPMorgan Getting Involve In Crypto<\/a><\/li><\/nav><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-celsius-ceo-says-cryptocurrency-market-will-recover\">Celsius CEO Says Cryptocurrency Market Will Recover <\/h2>\n\n\n\n<p>Alex Mashinsky, CEO of <a href=\"https:\/\/coinscreed.com\/staging\/texas-and-new-jersey-regulators-files-lawsuit-against-celsius-network.html\">Celsius Network<\/a>, believes that the crypto markets will recover. In addition, Alex believes that inflation is not a long-term issue.<\/p>\n\n\n\n<p>Over the last few days, the price of Bitcoin (BTC) has risen slightly. So far, the flagship digital currency has been hovering around the $32,000 mark. If you follow Wall Street, you'll see a mixed signal of red and green. <\/p>\n\n\n\n<p>The red signal affects cryptocurrency, whereas the green alert affects the stock market. This discrepancy, according to Alex, is due to the fact that $1.8 billion in expirations are taking place today. Crypto investors are taking positions that indicate the digital currency's ability to recover.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-btc-record-nine-consecutive-weeks-of-loss\">BTC Record Nine Consecutive Weeks Of Loss<\/h2>\n\n\n\n<p>The most popular cryptocurrency,\u00a0<a href=\"https:\/\/coinscreed.com\/staging\/women-will-be-the-driver-of-the-next-bitcoin-bull-market-tim-draper.html\">Bitcoin<\/a>, has now lost nine weeks in a row, extending its record-breaking losing streak.<\/p>\n\n\n\n<p>On the Bitstamp cryptocurrency exchange, it concluded the week down 2.70 percent at $29,448. In just over two months, the largest cryptocurrency has lost 37.24 percent of its value.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1024\" height=\"517\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/image-254.png\" alt=\"\" class=\"wp-image-28715\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/image-254.png 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/image-254-300x151.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/image-254-768x388.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/image-254-150x76.png 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/image-254-750x379.png 750w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-jpmorgan-getting-involve-in-crypto\">JPMorgan Getting Involve In Crypto<\/h2>\n\n\n\n<p>Even <a href=\"https:\/\/coinscreed.com\/staging\/jpmorgan-conducts-pilot-trials-on-its-blockchain-for-collateral-settlement.html\">JPMorgan<\/a> is getting more involved in crypto, according to Mashinsky. The market's sentiment this week was influenced by JPMorgan's pronouncements the week before. Bitcoin, he asserted, has &#8220;significant upward potential.&#8221;<\/p>\n\n\n\n<p>The level of concern is so high that even JPMorgan, which does not address cryptos, released a study this week. JPMorgan speculated that &#8220;maybe they overestimated the crypto and saw a recovery to $40,000 from where we are now.&#8221;<\/p>\n\n\n\n<p>The enthusiasm that existed in the cryptocurrency market when <a href=\"https:\/\/coinscreed.com\/staging\/bitcoin-hits-30000-is-the-coin-on-the-way-to-recovery.html\">Bitcoin was approaching $30,000<\/a> is still present today.<\/p>\n\n\n\n<p>In just 24 hours, the market capitalization of all digital assets grew by $60 billion. In the last twenty-four hours, the entire value of the global crypto market has climbed by 3% to $1.3 trillion. Bitcoin's price has also risen three percent to $31,677 at the time of writing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Celsius&#8217;s CEO said he believes the cryptocurrency market is going to explode and that the inflation is not a long-term problem Celsius CEO Says Cryptocurrency Market Will Recover Alex Mashinsky, CEO of Celsius Network, believes that the crypto markets will recover. In addition, Alex believes that inflation is not a long-term issue. Over the last [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":14633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5392,6379,4461],"class_list":["post-28705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cryptocurrency-2","tag-jpmorgan-2","tag-celsius-network"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/28705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=28705"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/28705\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/14633"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=28705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=28705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=28705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}