First Mover Asia: Bitcoin Sinks Amid Crypto's Latest Debacle
The widening fallout from FTX, now includes Genesis Global Capital's decision to pause withdrawals. Could TradFi be swept up next in the crisis? Original Source
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Sinks
Bitcoin sinks to new yearly low at $16.8K as FTX insolvency fears turn into contagion
Crypto markets crumbled for a second day as the fallout from FTX’s liquidity troubles continued to negatively impact investor sentiment. Bitcoin (BTC) price fell to a new yearly low at $16,800 as anonymous unconfirmed sources suggested that after a closer review of FTX’s books, Binance could back out of their agreement
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Ethereum Sinks To $1.2k, But Selling Pressure Only Seems To Be Rising
Ethereum has plunged below $1.3k today, but the decline may not be over quite just yet as on-chain data shows selling pressure
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Bitcoin Sinks Below $23K; South Korea’s Bumpy Crypto Path Forward
"Bitcoin is is range bound at the moment," said Nauman Sheikh, managing director at investment advisors Wave Financial, told CoinDesk TV's First Mover program. "It's hit a $25,000, sort of resistance level. So has Ethereum hit a 2000 resistance level. We're in a mode where the macro environment is supportive
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Is DEX Efficiency a Threat to Coinbase Long-Term?; Bitcoin Sinks Below $22K
Not all signs pointed downward. As CryptoX Senior Markets Reporter Omkar Godbole reported, Bitcoin's Monday plunge came even as Chicago Board of Options Exchange's volatility index (VIX), a measure known as Wall Street's fear gauge, slipped to 22.41 in early Asian hours, its lowest level since April 21, indicating calm
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Bitcoin Erases Last Week Gains As Price Sinks Below $20,000
According to CoinGecko, the most prominent cryptocurrency in the world plummeted by 3.5% in the last 24 hours. Bitcoin gave up all of its gains from last week as it fell below $20,000. BTC’s price on the market right now is $19,750, and the weekly gain is in the red with
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When Crypto Rebuilds After This Cold Winter, Firms Like Three Arrows Capital Won’t Have a Place; Bitcoin Sinks Toward $20K
"I’ve been seeing a lot of speculation about BlockFi’s risk management practices that I want to address. While our policy is to not comment on specific counterparties, we are committed to providing as much transparency as possible, and it’s important to know the following:" (BlockFi CEO Zac Prince) ... "Spot
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BlockFi Valuation Sinks to $1B in Latest Funding Round: Report
Crypto lender BlockFi is set to close a funding round at a lower valuation than its previous raises. Source
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First Mover Asia: Bitcoin Sinks Below $30K Amid Renewed Risk Fears
Major altcoins fared worse in Wednesday trading, reversing most gains from the U.S. holiday weekend rally. Source
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APE Surges, Sinks as Elon Musk Teases With Bored Ape Collage as Profile Picture
No direct correlation between the two events seemed to exist at writing time. Source
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