“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?
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