The Crypto Report: Are Bitcoin and Ethereum gearing up for another bout of crypto contagion?


  • 1 year ago
  • Ethereum
  • 451Views
As the American voting population heads into the mid-term elections this Tuesday, the crypto markets took a tumble. But it likely wasn�t red and blue on the markets� minds. Rather, fears of another bout of market contagion have driven prices down amid speculation of liquidity problems in both arms of Sam Bankman-Fried�s crypto empire. The world�s second-largest crypto exchange FTX and associated private equity firm Alameda Reasearch � both headed by Bankman-Fried � have become embroiled in controversy over their balance sheets. The market has grown concerned about FTX's liquidity and FTX Token (FTT) has dipped 20% in the past 24 hours. Bitcoin suffered a 5% dip, bringing the coin sharply below the key US$20,000 price point, with the next major support line drawn at US$19,600. Ethereum also dipped around 5%, breaking below the US$1,500 price point to change hands just above the current support line of US$1,480. #ProactiveInvestors #TheCryptoReport #Bitcoin #Ethereum #FTX #FTXToken #SamBankma
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Ethereum

Ethereum is a technology for building apps and organizations, holding assets, transacting ...

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