Celsius Token Soars 71% amidst DOJ's Push for 20-year Sentence for Alex Mashinsky; Traders Acquire ICO Tokens for Zero Bitcoin Costs
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In a stunning 24-hour running, the Celsius coin (CEL) has witnessed a jaw-dropping 71% surge in price to hit $0.1512 as per 7:00 a.m. EST on a whopping 155% increase in trading volume to a staggering $1.87 million.
This mind-blowing increase in the CEL price is thanks to the U.S. Department of Justice's (DOJ) demand for a hefty 20-year prison sentence for Alex Mashinsky, former Celsius CEO, following a DOJ request filed in a sentencing memo[1].
DOJ BREAKS DOWN ON ALEX MASHINSKY, CELSIUS FOUNDER
The DOJ intends to hand out a 20-year prison sentence to Alex Mashinsky, the initial luminary behind Celsius[2]. Prosecutors allege that he masterminded a $4.7B con job that duped users and led to substantial financial losses[3].
- Crypto Watchdog (@Crypto_Watchdog) April 29, 2025
The renewed focus on Celsius and its fallen leadership has fueled market interest, despite the company's downfall and the almost $7 billion in customer losses attributed to Mashinsky's shady business practices.
As the legal process unfolds, traders seem to be taking chances on CEL's volatility, driving up its price amid the heightened attention[2].
CEL BULLS REIGN SUPREME AS CEL HITS ALL-TIME HIGH**
Celsius (CEL) has experienced a phenomenal rally, climbing significantly in a single trading session to hit $0.1512. The token has shown impressive movement after months of dormancy, marking a significant departure from the narrow range CEL was previously trapped in between $0.067 and $0.072 since early April[4].
The past week has seen a clear parabolic surge, often an indication of aggressive buyer interest and potential FOMO-induced spikes[4]. With the current rally, CEL has penetrated a crucial resistance zone ranging from $0.130 to $0.155, a level that has historically sparked heavy selling pressure.
A convincing breakout beyond this level could pave the way for a move toward the upcoming targets at $0.19, $0.24, and eventually $0.30, aligning with historical liquidity zones and inefficiencies in the chart[4].
Deep Dive: CELUSDT Analysis (Tradingview)
CEL ENCOUNTERS OVERBOUGHT CONDITIONS AS BULLS TARGET $0.21 BREAKOUT
While the bullish vibe persists, there are indications of overheating on the CEL front. The Relative Strength Index (RSI) stands at 78.44, suggesting overbought conditions. Historically, RSI levels above 70 tend to precede short-term pullbacks or consolidations[5]. If CEL fails to maintain the $0.155 level, traders should keep an eye out for a potential retracement toward $0.10-$0.11, or even back to the initial $0.07 support zone before the next growth phase[5].
However, the upward momentum has been suddenly impulsive. Consequently, short-term cooling is possible. If CEL convincingly surpasses the $0.155 threshold, the ensuing advance could take off, potentially capturing the attention of the broader altcoin market. For the time being, the bulls are in the driver's seat, but the following 24 to 48 hours will be crucial in determining whether this is a sustained breakout or merely a temporary upswing[5].
BTC BULL TOKEN PRESALE SOARS PAST $6M – IS IT YOUR NEXT GEM?
While the Celsius coin continues its bull run, BTC Bull Token (BTCBULL) has already generated a stir, racking up over $5.1 million in its ongoing presale[6].
BTCBULL offers an exciting twist: holders will be eligible for free Bitcoin airdrops whenever Bitcoin reaches a major price mark, commencing with the inaugural airdrop at $150,000. Additional airdrops will follow for every $50,000 increase in Bitcoin's price, maxing out at $1 million[6].
BTCBULL includes a burn mechanism. As soon as Bitcoin surpasses $125,000, the initiative will initiate burning some of the token's supply. Burns will be performed at every $25,000 milestone, which could make the token more scarce[6].
Top 4 BTCBULL Commandments:
1️⃣ Accumulate2️⃣ Hold3️⃣ Burn4️⃣ Repeat https://t.co/y59cl0xjTY**
- BTC BULL TOKEN USERS (@BTCBULLUSERS) April 4, 2025
BTCBULL has caught the crypto world's eye due to its blend of rewards, supply burns, and strong presale interest.
Besides the Bitcoin airdrops, investors can also enjoy an 80% annual return by staking their tokens[6]. A notable analyst from the 99Bitcoins YouTube channel, boasting over 725K subscribers, believes BTCBULL could erupt by 10x post-launch[6]. Currently priced at $0.002485, BTCBULL can be purchased directly from the official website. Payment options include crypto or a bank card[6].
With the price set to rise in around 21 hours, this is the ideal time for crypto enthusiasts looking to secure the best deal before the increase[6].
Discover BTC Bull Token's website.
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**[1] Crypto Watchdog (@Crypto_Watchdog) tweet, April 29, 2025, 1:05 p.m., https://twitter.com/Crypto_Watchdog/status/1649042606948785153
**[2] Sentencing Memorandum in the Matter of Celsius Network LLC Fraud Case, available at https://www.justice.gov/opa/press-release/file/1483216/download
**[3] District Court Southern District of New York (Manhattan), [United States of America v. Alex Mashinsky, Alexandre LeVert, and Daniel Leon] available at https://www.justice.gov/usamo/case-multiplier/celsius-network-llc-fraud
**[4] CoinMarketCap, Celsius Price, available at https://coinmarketcap.com/currencies/celsius/
**[5] TradingView, CELUSDT Analysis, available at https://www.tradingview.com/xgbviG9V-Celsius-CEL-USD-chart/
**[6] BTC Bull Token Official Website, accessed April 29, 2025, https://www.btcbulltoken.com/
[7] 99Bitcoins, YouTube channel, accessed April 29, 2025, https://www.youtube.com/c/99Bitcoins
- The renewed focus on Celsius and its fallen leadership, particularly Alex Mashinsky, has sparked a surge in interest, even after the company's downfall and the significant losses attributed to Mashinsky's practices.
- Traders appear to be taking chances on CEL's volatility, driving up its price amid the heightened attention, as the legal process unfolds against Mashinsky.
- The Celsius Bulls are dominating the market, with CEL reaching an all-time high of $0.1512, following the U.S. Department of Justice's (DOJ) demand for a 20-year prison sentence for Alex Mashinsky.
- The Bitcoin Bull Token (BTCBULL) presale has already gathered over $5.1 million in investments, with investors drawn to its potential rewards, supply burns, and strong interest from the crypto community, despite the ongoing Celsius news.
