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Saturday, November 29, 2025

First Mover Asia: Celsius Risks Triggered Crypto Crash, Says Huobi Group CFO; Bitcoin Wobbles but Doesn't Break Post-Rate Hike - CoinDesk

Technician's take: In place of Technician's Take, First Mover Asia is republishing a report on the current crypto winter by CoinDesk columnist David Z. Morris.
Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.
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The largest cryptocurrency by market capitalization recently moved past $22,700, a 3.6% jump from where it stood 24 hours earlier. Upon hearing the widely expected news Wednesday morning that the U.S. central bank would hike rates by the highest increment in more than a quarter-century – three-quarters of a percentage point – bitcoin fell toward $20,000. The price recovered shortly after Federal Reserve Chair Jerome Powell made his announcement.
Ether, the second-largest crypto by market cap, also dropped first before rising about 4% from...



Read Full Story: https://www.coindesk.com/markets/2022/06/16/first-mover-asia-celsius-risks-tr...

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