Bitcoin Holds Above $42K as Crypto Lender Celsius Exits Bankruptcy, Former CEO Faces Trial
• Bitcoin traded above $42,000 after Fed Chair Powell cooled hopes of a March interest rate cut
• ARK Invest said the optimal crypto allocation is just under 20% for maximized risk-adjusted returns
• Cryptocurrency lender Celsius will distribute $3 billion in crypto to creditors as it emerges from bankruptcy
• Celsius' former CEO Alex Mashinsky released on $40 million bond with assets frozen ahead of 2024 trial
• Except for BTC, TRX, ATOM and XMR, most top cryptos saw negative 24-hour volume changes amid dollar strength