Crypto’s Slide May Not Be Fear — It’s A US Liquidity Crunch, CEO Says
A sharp hit to risk markets left crypto with heavy losses over the weekend. Reports say roughly $250 billion was wiped from combined market value as investors pulled back. Some of the selling hit Bitcoin hard. Others said it spread to tech stocks at the same time. Related Reading: Who Struck Step Finance? Treasury Breach […]
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Crypto analysts are pushing back against the narrative that the current BTC rally is being fuelled by a liquidity crunch afflicting bitcoin mining pools in China. The liquidity crunch, which is caused by an ongoing regulatory crackdown in that country, has reportedly left miners unable to sell their BTC holdings. Miners Are Selling The analysts are instead backing a counter-narrative which points to institutional investor interest as the reason for the current BTC rally. Using data to support their assertions, the analysts suggest that the current bull run, which has different....
Following a liquidity crunch, FTX reached out to Binance to solve its liquidity issues through acquisition to keep FTX customers whole.
SOL and FTX Token saw a sharp rebound after headlines that Binance would acquire FTX due to liquidity issues, but will the upside last? FTX Token (FTT) and Solana’s SOL (SOL) endured a tough weekend of trading that saw altcoins take double-digit losses in the 15%–30% range, but the tide turned as news broke that Binance could be in the process of acquiring FTX.On Nov. 8, FTX CEO Sam Bankman-Fried first took to Twitter to announce a liquidity-sharing partnership with Binance. Changpeng “CZ” Zhao, CEO of Binance, agreed to step in and provide liquidity to what was beginning to look like a....
FTX CEO Sam Bankman-Fried called the news a “user-centric development that benefits the entire industry.” Following Binance CEO Changpeng Zhao’s announcement that the company would liquidate its position in FTX Token (FTT), FTX CEO Sam Bankman-Fried, also known as “SBF,” took to social media seemingly in an effort to quell rumors of conflict between the major crypto exchanges.According to a Nov. 8 Twitter thread from Bankman-Fried, FTX has “come to an agreement on a strategic transaction” with Binance following attempts to clear out its withdrawal backlog. SBF said he had asked Binance to....
The cryptocurrency Fear & Greed Index has plummeted into the extreme fear territory following the crash in Bitcoin and other assets. Bitcoin Fear & Greed Index Is Now Pointing At “Extreme Fear” The “Fear & Greed Index” is an indicator created by Alternative that uses the data of several factors to determine the net sentiment present among traders in the Bitcoin and wider cryptocurrency markets. The factors in question include volatility, trading volume, market cap dominance, social media sentiment, and Google Trends. The index makes use of a scale running from 0-100....