FTX Payouts Begin Today, Will Bitcoin Price Rally Or Crash In Response?
The long-awaited FTX creditor payouts are set to begin today, February 18 after over two years of bankruptcy. This payment, which is the first batch, is targeted towards targeting smaller creditors. Nonetheless, the payout could have a few effects on the crypto industry, especially if creditors receive payouts in crypto. A crypto analyst, Excavo, has shared his perspective on TradingView, highlighting the potential liquidity shifts that could follow FTX’s creditor payouts and the broader implications for Bitcoin and altcoins. FTX Payouts Kick-Off: How Does This Affect The Crypto....
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The Bitcoin price crash began over the weekend and has since seen he digital asset break below the $112,000 support level. Interestingly, this crash was called by a couple of crypto analysts who had pointed out the weaknesses surrounding Bitcoin over this time. As their predictions begin to play out, this report takes a look at the complete forecasts, with most showing that the Bitcoin price crash is far from over and must proceed deeper before finding a bottom. Bitcoin Price Is Headed Below $100,000 Crypto analyst HAMED_AZ had previously pointed out that the Bitcoin price was moving....
Crypto analyst ElmoX has asserted that the XRP price is still bullish despite the recent crypto market crash. His analysis revealed that XRP is set to face major resistance at $2.9, although he is confident that the crypto will eventually break this resistance and rally to as high as $20. XRP Price Faces Resistance At $2.9 But Could Still Rally To $20 In a TradingView post, ElmoX outlined two scenarios for the XRP price as it eyes a rally to $20, although he noted that the crypto will retest the major resistance at around $2.92 either way, on its way to a new all-time high (ATH). For the....
Crypto analyst Ali Martinez has provided insights into what the Bitcoin price trajectory could look like in the coming weeks. Interestingly, the analyst predicted that Bitcoin could rally to $138,000 and then experience a 30% price crash. Why Bitcoin Could Rise To $138,000 And Crash After In an X post, Martinez alluded to historical trends to explain why the Bitcoin price could rally first to $138,000 and then crash by 30% after. He stated that during the 2017 bull market, Bitcoin surged 156% past its previous all-time high (ATH) before the first major correction of 39%. Similarly, BTC....
XRP has been through a rollercoaster over the past few days, tumbling in a crash alongside the rest of the crypto market. The crash drove XRP’s price to a flash low of $1.64 before it recovered to $2.36, with volumes surging 164% above the 30-day average. This flash crash created a notable downside wick on XRP’s price chart, which, according to a technical analyst, is reminiscent of a 2017 price structure that suggests that the cryptocurrency is about to enter into a massive rally. XRP 2017 And 2025 Setup Shows Striking Similarities XRP’s recent flash crash has grabbed....