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 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....
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