“The collapse of FTX and the uncertainty it has brought to the industry has been another damaging blow,” wrote Craig Erlam, senior market analyst for foreign exchange market maker Oanda.
“How damaging it will be will depend on what further details appear in the coming days but right now, prices remain under pressure and vulnerable to further sharp declines.”was recently changing hands just above $1,260, off more than 4.5%. Most other major cryptos by market value spent their day in the red, victims of FTX contagion. FTX’s FTT token recently plunged more than 30% to approach its low perch from earlier in the week.
JPRubin23 GWilliamsJr_CMT _jocelynyang_ You forget to mention this all started thanks to you. What SBF and co. did was very bad and they should be punished for it. And I am not taking their defence in any way. But you guys provoked the bank run. No traditional bank would survive a bank run.
JPRubin23 GWilliamsJr_CMT _jocelynyang_ U counting wednesday as a day of gain are ya?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Price Outlook for November — FTX Crisis Fuels Bearish Momentum – Market Updates Bitcoin NewsThe turmoil surrounding FTX, and it's all-but confirmed collapse has impacted bitcoin, which recently fell to a two year low. So what next? Ok cool, I have recently started using ChiefraFba for signals, his accuracy is INSANE! With sincere gratitude in my heart I’m doing this open testimony so others will know what crypto_kings0 did for me and they should also join the winning team crypto_kings0 It's OK with me. It's all about the long term anyway, I won't sellbtc, maybe spend more tether and any spare money on cheap bitcoin
Source: BTCTN - 🏆 531. / 51 Read more »
Market Wrap: Cryptos Recover Slightly From FTX Fatigue With a Dose of Encouraging Inflation Data$BTC and other cryptos regained ground lost due to FTX when the latest CPI showed inflation down by more than expected. Investors hope the Federal Reserve will soon ratchet back its monetary hawkishness. JPRubin23, and _jocelynyang_ report JPRubin23 _jocelynyang_ Since the beginning of $BTC's mission is to fight the dominance of paper money, if you continue to sell your assets, shares or crypto, the intrinsic value of the dollar will continue to increase.
Source: CoinDesk - 🏆 291. / 63 Read more »
Biggest Movers: SOL Gives Up 20% Gains, as FTX Declares Bankruptcy – Market Updates Bitcoin NewsSolana was up by as much as 20% on Friday, as the token rebounded following recent declines. Polygon was mostly higher today. Fantastic! I have recently started using ChiefraFba for signals, his accuracy is INSANE! yea! Dead cat bounce.
Source: BTCTN - 🏆 531. / 51 Read more »
FTX's U.S. business is in troubleFTX US is separate from FTX, but its fate is likely to be equal.
Source: axios - 🏆 302. / 63 Read more »