As the American voting population heads into the mid-term elections this Tuesday, the crypto markets took a tumble.
But it likely wasn’t red and blue on the markets’ minds.
Rather, fears of another bout of market contagion have driven prices down amid speculation of liquidity problems in both arms of Sam Bankman-Fried’s crypto empire.
The world’s second-largest crypto exchange FTX and associated private equity firm Alameda Reasearch – both headed by Bankman-Fried – have become embroiled in controversy over their balance sheets.
The market has grown concerned about FTX’s liquidity and FTX Token (FTT) has dipped 20% in the past 24 hours.
Bitcoin suffered a 5% dip, bringing the coin sharply below the key US$20,000 price point, with the next major support line drawn at US$19,600.
Ethereum also dipped around 5%, breaking below the US$1,500 price point to change hands just above the current support line of US$1,480.
#ProactiveInvestors #TheCryptoReport #Bitcoin #Ethereum #FTX #FTXToken #SamBankmanFried
Always very informative. Anyways it would be nice to also advice that everyone needs more than their salaries to survive the recent economic downturn this days. Just something to think about. Those using USDT will learn the hard way that they are still in a permissioned system. Bitcoin is the only way to break the shackles of gov't/ elite. Rest of 'crypto' is not censorship resistant and permissionless. To improve in the financial markets.This is a analytic moment that every Investor needs to be aware of buying more with the current market trends. contact Mrs. Robin Moore for assistance on how to increase you portfolio from trading with her trade signal. I invested in crypto and it's been the best decision ever. Robin Moore trading signal has helped me fatten my own wallet. I have made over 15.07 btc with just 4.05btc . Her trading adroitness is golden.
I'm new to trading how can I make more profitable investment in crypto without incurring much losses