Cryptocurrency markets are tired!
Cryptocurrency markets, which had a very shocking week with successive developments, are tired. Here all the latest updates.
After the crisis that shook the markets last week, FTX announced that it was bankrupt. The exchange's CEO, Sam Bankman-Fried, also stepped down. According reports, Bitcoin at record levels was withdrawn from exchanges to cold wallets. These record levels have been seen 3 times before.
After the FTX crisis, there were 320 thousand Ethereum transfers between the two exchanges. It was announced that this posting was made by mistake. The statement could not prevent conspiracy theories on social media. Bitcoin miners started to sell more Bitcoins than historical data due to the market crisis and rising costs. In the SEC-Ripple case, 3 companies entered the court as SEC supporters.
Cryptocurrency markets are tired!
While the cryptocurrency market has left behind its most difficult week in recent times, Bitcoin has pulled back to its lowest level in two years. Seeing $15,700 levels with the FTX crisis, Bitcoin experienced a reaction up to the $18,000 region after the positive US inflation data announced on Thursday. However, the positive effect of this move was short-lived and turned down again with the bankruptcy announcement of the FTX exchange on Friday. The weekend was plunged into further chaos when he said hundreds of millions of dollars in assets were moved from the platform in "questionable circumstances". Bitcoin, which started the new week volatile, is currently finding buyers at $ 16,800. It is important to cross the $17,000 level in the first stage. Then the target will be the $18,000 band. Below, the $15,800 and $14,130 support levels are tested 3 times.
