With the market plagued by a
With less buyers’ conviction to accumulate, sellers controlled CHZ on a daily chart. The news of Binance’s proposed acquisition of competition FTX caused CHZ to break out of a rising wedge it had formed since 21 October. Between 21 October and 8 November, CHZ’s price rallied by over 55%. The sharp fall in CHZ’s price also caused key indicator Relative Strength Index , to fall below its 50-neutral spot. At press time, the RSI was pegged at 43.72 in a downtrend. Also in a downtrend was the alt’s Money Flow Index as it inched closer to the 50-neutral region at 55.26.
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Ontario Teachers’ Pension Plan faces a hit on investment in crypto trading platform FTXThe situation also calls into question FTX’s plans to officially launch its business in Canada by acquiring Calgary-based Bitvo Inc. Lol Oh, better give them another raise to make up for it. 🙄 Good
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Volatility spikes in the crypto market as Binance looks to acquire FTXThe crypto market went for an early morning plunge as BTC briefly dipped below $20,000 amid rumors of insolvency at the crypto exchange FTX. ⚡️
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