Bitcoin Plunges To $15,700 As Binance Rejects FTX Takeover – Levels To Watch
BTC’s price loses its $18,200 support as the price trades to a region of $15,700 as Binance rejects FTX takeover. BTC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. BTC’s price remains weak across all timeframes as the price trades slightly below the 50 and 200 Exponential Moving Averages (EMA). In the last two days, the crypto market has been erratic, with the price of many altcoins, including Bitcoin (BTC), battling for survival after the news came out that Binance would not be taking....
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The crypto market still seems to be in the grasps of FTX and Alameda. Currently, rumors are circulating that Tether’s stablecoin USDT might be more affected by the downfall of FTX than it would like to admit. Moreover, there currently seems to be an attack on USDT as a result of which Tether (USDT) briefly lost its usual peg to $1. The largest stablecoin by market cap was trading below $0.9400 temporarily at Kraken, other exchanges saw minor deviations. Sam Bankman-Fried company Alameda, which borrowed $250,000 USDT from Aave and exchanged it on Curve this morning, may be behind the....
BTC’s price loses its previous all-time high of $18,000 as Binance rejects the FTX takeover, with the price responding with a decline to a region of $15,500. BTC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. BTC’s price bounces from a low of $15,500 on the daily timeframes as the price aims for a recovery toward the 50 Exponential Moving Average (EMA) In the last few days, the crypto market has been erratic, with the price of many altcoins, including Bitcoin (BTC), battling for....
The Binance CEO said the company wired $500 million to take a share of equity as Elon Musk’s Twitter takeover is finally sealed. Binance CEO Changpeng “CZ” Zhao says the company followed through with a $500 million commitment to back Elon Musk’s high-profile Twitter takeover.Musk reportedly sealed the deal on Oct. 27, with a handful of Twitter executives escorted to the door as the new owner of the social media platform cleaned house. Dear Twitter Advertisers pic.twitter.com/GMwHmInPAS— Elon Musk (@elonmusk) October 27, 2022 Binance had indicated that it would co-invest in Twitter in....
Sam Bankman-Fried no longer ranks in the top 500 on Bloomberg’s billionaire index, but CZ remains at rank 87. Crypto billionaire Sam Bankman-Fried may not be able to claim the "billionaire" accolade anymore after an estimated 94% plummet in his personal wealth overnight, according to the Bloomberg Billionaires Index.Bankman-Fried was once a high rider in Bloomberg’s wealth index with an estimated net worth of $26 billion at his peak. However, the crypto entrepreneur is now no longer appears in the top 500.On Nov. 9, the outlet reported that his personal fortune is "likely" to be....
Billionaire Elon Musk is inching further toward his eventual takeover of Twitter and Dogecoin (DOGE) whales are positioning in preparation for the takeover. Musk’s deal to acquire the social media platform has been one fraught with roadblocks along the way, but the two parties have now reached an agreement to facilitate the purchase. Now, the […]