BTC A$29K. Goldman Sachs looking to buy up Celsius assets

Celsius Assets

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Categories: Cryptocurrency

Things are starting to settle down, but with the effects of various collapses, bad loans and forced selling still working its way through the system, anything could happen. Bitcoin finished down 3% to AU$29,945 (US$20.7K) on a week ago, while Ethereum also managed to close the weekly in the green for the first time in 12 weeks, and is currently up 2% to AU$1,710 (US$1,180). XRP was up 6%, Solana (6%) and Polkadot (-5%). 

Documenting Bitcoin points out that in December 2020 when Bitcoin was at the same price it is now the Fear and Greed Index was at 92 or Extreme Greed. Its currently at 12 or Extreme Fear.

Without the direction of an imminent US Federal Open Market Committee (FOMC) meeting (the next scheduled for the 27th of July, 2022), macroeconomic markets have largely been driven by market positioning. In addition, both economic data and central bank rhetoric have been light this week, seeing bond yields drift lower and equity markets perform positively.

Goldman Sachs is looking for a New addition Investment Portfolio, and it might have found one in the shape of Celsius Network, a Cryptocurrency Platform.

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