Earthquake in cryptocurrency markets!
In the last 24 hours, there has been an earthquake in the crypto markets. Here all details about everything going on.
Bitcoin price dropped below $17,600 for the first time since June 18, falling as low as $17,160.
The US Commodity Futures Trading Commission announced that they are closely following the developments between Binance and FTX, which deeply affect the markets. The FTT token fell 88%, losing $2.5 billion in market value. The US Department of Justice announced that it has seized $3.36 billion worth of Bitcoin linked to the Silk Road Dark Web. Luxury watch manufacturer Rolex; announced that it has filed trademark applications for cryptocurrencies, NFT and Metaverse.
Earthquake in cryptocurrency markets!
In the USA, the process of elections for the House of Representatives and Senate continues between Republicans and Democrats. The news flow so far signals that democrats will lose their seats, and more importantly, they will lose a majority in the House of Representatives. In the Senate, however, the situation appears to be head-to-head. The Republicans' dominance in the House of Representatives is positively received by the markets. US stock indices closed Tuesday with gains between 0.5% and 1%. Likewise, Euro Zone (EB) stock indices continued to rise, showing an increase between 0.1% and 1.4% in the daily closing.
The dollar index (DXY) ended the day below 110 for the first time since October 26, closing at 109.6. With the inflation data coming from the USA tomorrow, the activity in the markets may increase.
On the cryptocurrency side, systemic risk concerns persist. The process between Binance and FTX CEOs resulted in Binance wanting to buy FTX. FTT token fell from $ 25 levels to $ 2 in 3 days. While cryptocurrencies retreated sharply, Bitcoin tested the $17,100 levels and Ethereum tested the $1,200 region.
