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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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 $138,000 and then crash by 30% after. He stated that during the 2017 bull market, Bitcoin surged 156% past its previous all-time high (ATH) before the first major correction of 39%. Similarly, BTC....
The price of BTC/USD opened at 293$ yesterday and declined down to around 277$ earlier today. The price drop can be attributed to Bitstamp's massive security breach, which cost the company more than 5 million dollars. We anticipated yesterday this fall in the price of BTC, which was based on technical analysis of the BTC/USD 4 hourly charts from tradingview.com. The price opened today at around 284$ and continued to fall until the trend reversed at 279$ to begin rising again until it reached 284$. A "hammer" can be noted on the 2 hourly charts, which signaled an end to yesterday's bearish....
Shiba Inu and Dogecoin have suffered market crashes today after the Bitcoin price crash. Both of these meme coins have seen their prices fall more than 7% already, leaving investors bewildered as to what is causing the crash. All roads actually lead to Bitcoin and the massive sell-offs that have dominated the leading cryptocurrency. Bitcoin […]
The price of XRP soared to as high as $0.92 in mere minutes on Coinbase only to crash by 30% immediately after. XRP price spiked to over $0.90 on U.S. cryptocurrency exchange Coinbase on Nov. 24 only to crash back down by roughly 30% in seconds. This was the highest price level since May 2018.XRP frenzy driven by Coinbase usersThe rally was apparently driven by Coinbase users as the price of XRP did not see the same heights on other exchanges. Bitstamp and Binance, for example, saw a high of only $0.79 during the same spike. Shortly after the crash, hashtag "Coinbase" began trending on....