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Bitcoin price traded above the $17,000 resistance. BTC is correcting gains and might decline towards the $16,650 support zone in the near term. Bitcoin gained pace and cleared the $17,000 and $17,200 resistance levels. The price is trading above $16,650 and the 100 hourly simple moving average. There was a break below a
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Centralized crypto exchanges play a huge part in the crypto trading ecosystem. However, the FTX collapse showcased how difficult it is to trust exchanges with user funds. Despite this, crypto trading platforms continue to believe that they can win back the community’s trust. Speaking to Cointelegraph, executives from crypto exchanges OKX,
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Bitcoin (BTC) faced a 7.3% drop between Nov. 20-21 as it tested the $15,500 support. While the correction seems small, the movement has caused $230 million in liquidations in futures contracts. Consequently, bulls using leverage came out ill-prepared for the $1.14 billion monthly options expiry on Nov. 25.Bitcoin investors' sentiment
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Ripple failed to clear $0.40 and corrected lower against the US Dollar. XRP price could start a decent increase if it stays above the $0.345 support zone. Ripple started a fresh decline from the $0.40 resistance zone against the US dollar. The price is now trading below $0.380 and the 100 simple
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Ethereum has been seeing some significant downside coming out of the weekend. This was triggered by the FTX hacker, who currently holds hundreds of thousands of ETH, dumping some of those coins for Bitcoin over the weekend. After dumping around 10,000 ETH, the digital asset had dumped more than 7%,
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Venture capitalist Tim Draper continues to show staunch support for bitcoin even during this time. Draper who has been an evangelist for bitcoin has said multiple times that he expects the digital asset to hit six figures, and once again, he has taken an opportunity to double down on his
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FTX declared bankruptcy this month with $900 million in assets against $9 billion in liabilities. Its founder and former CEO, Sam Bankman-Fried, is being questioned by police in the Bahamas, and many customers are unable to withdraw their deposits. Its holdings of Serum’s SRM, a token Bankman-Fried developed, dropped from
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Bitcoin (BTC) fell 22% in the seven-day stretch through Sunday, and analysts are scrambling to assess the outlook – for digital-asset markets as well as possible policy ramifications amid an annus horribilis for the blockchain industry, freshly wounded by the FTX scandal. Original Source
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The contract between FTX and Miami-Dade County says FTX must pay the County three years of fees in the event of default. Original Source
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FTX, which now faces insolvency, is seeking nearly $10 billion in external funding a week after CryptoX first reported how funds were spread between the exchange and Alameda. The report led to a cascade of events – with crypto markets tanking, Alameda winding down trading, and FTX founder Sam Bankman-Fried
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