Bitcoin (BTC) price drops to $26k; Is there another $24,000?

Fahrenheit crypto consortium has won bid to acquire insolvent lender Celsius Network, whose assets were previously valued at around $2 billionaccording to court filings made early Thursday morning. The group will acquire Celsius’ institutional loan portfolio, staked cryptocurrencies, mining unit and other alternative investments, and must pay a $10 million deposit within three days to seal the deal. court filings show. A consortium of buyers that includes venture capital firm Arrington Capital and miner US Bitcoin Corp, Farenheit was selected as the successful bidder after a lengthy auction process. Under the terms of the deal, the newly formed company will receive $450 million to $500 million in liquid cryptocurrency, and US Bitcoin Corp will build a number of cryptocurrency mining facilities, including a new 100 megawatt factory.