Amid regulatory pressures and market weakness, Bitcoin and other cryptocurrencies experience a downturn. Despite traders' bullish outlook, their bets on a rebound may further impact prices in the short-term. Altcoins and memecoins also face declines.
Celsius withdrew $13M worth of staked Ethereum through Shapella upgrade, while centralized exchanges wait to withdraw 85% of their staked assets, likely due to US regulatory actions. Celsius also plans to sue a creditor for leaked information.