Small-cap Cryptocurrencies May Face Pressure as Bankrupt Celsius Sells Illiquid Assets: Kaiko

Small-cap digital assets could face significant pressure if bankrupt crypto lender Celsius sells or converts its assets on reserve. Research firm Kaiko warns that the market for these digital assets, including Celsius' native token CEL, lacks liquidity, making it difficult to realize their value. The market depth for CEL tokens is limited, and the aggregated market depth for Celsius' altcoin holdings has decreased by 40% since last year. These liquidations could have a short-term impact on the crypto markets.

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