The Crypto Report: Bitcoin and Ethereum continue to feel the fallout of the FTX collapse
1 year ago
Ethereum
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Bitcoin and Ethereum continue to lose ground as market players remain sensitive following the FTX fallout.
Bitcoin, the largest coin by market cap, lost 4.22% to US$16,010 in the last 24 hours, while Ethereum faded 8% to US$1,121.
According to Naeem Aslam, a market analyst at Avatrade, Bitcoin and Ethereum had another tough weekend and �the market players are still very much concerned about another domino effect�, albeit for now traders are optimistic the worst is behind them.
�The dollar strength and the adverse FTX news flow will still determine the price of BTC,� Aslam added.
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