BTC outlook for the remainder of November.
It’s fair to say that the first ten days of November have been nothing short of historic in cryptocurrency markets. The turmoil surrounding FTX, and its all-but-confirmed collapse, seems to have eclipsed both Luna and Celsius, who also capitulated earlier this year. The impact of this has been felt by bitcoin, which recently fell below $16,000 for the first time in two years.
Traders have moved to liquidate their positions in the marketplace, seeking alternative investments, with gold being one of these safe havens. While gold has surged to a one-month high, crypto market volume has slipped $173.16 billion in the last 24 hours.bulls, with the consumer price index numbers for October coming in at 7.7%, better than the 8% anticipated.
The upcoming reaction to this could be a positive not only for bitcoin, but for crypto markets as a whole, which look for some signs of reversal, following a historic week of selloffs./USD is currently trading at $16,932.90, as prices have rebounded from earlier lows of $15,682.69. Looking at the chart, momentum seems to still be bearish, with the 10-day moving average maintaining its recent downward crossover, versus its 25-day counterpart.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin price swings to over $20K as Binance helps FTX ‘liquidity crunch’Volatility is back with a bang. Turmoil over crypto exchange FTX has punished markets further and sees Bitcoin battling support.
Read more »
Bitcoin price dips under $17.6K June low as FTX nerves liquidate nearly $1BBitcoin recovers after dropping to lower lows than June 2022 with FTX still steering BTC price action.
Read more »
Bitcoin price risks $17K amid claim Binance may reject FTX takeoverBitcoin drops even lower amid rumors of the Binance takeover of FTX falling through.
Read more »
FTX Website Experiences Temporary Outage, Warns Users Not to Make Deposits.FTX_Official’s website experienced a temporary outage on Wednesday, and it now has a banner warning users not to make deposits. cheyenneligon reports
Read more »
Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto CrashBinance will reportedly back out of its agreement to buy rival cryptocurrency exchange FTX, the latest in the sudden unraveling of billionaire Sam Bankman-Fried’s crypto titan FTX once valued at $32 billion, taking down the value of digital assets with it.
Read more »
Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto CrashBinance will back out of its agreement to buy rival cryptocurrency exchange FTX, Binance said Wednesday afternoon, the latest in the sudden unraveling of billionaire Sam Bankman-Fried’s crypto titan FTX once valued at $32 billion.
Read more »