Bitcoin is down 2.70% and is struggling to maintain the key support zone at the level of 25,200 dollars. The sentiment in the market is not improving, and the upcoming decision on September 13th regarding the liquidation of FTX assets with a total value of 3.4 billion dollars is causing another wave of panic. The next level of support is 24,800 dollars. This was the low on June 15, 2023, following the market panic due to the delisting of many altcoins and SEC lawsuits.
- The liquidation of funds from FTX is to take place gradually, with between $100-200 million entering the market week by week. However, the details of the transaction are not yet known. It is possible that the assets will be sold on the OTC market - outside exchanges. In this case, all market concerns are panic, which only confirms the stage of the cycle we are currently in.
Another date to watch this week is the statement by the SEC chairman, Gary Gensler, before the Senate Banking Committee, which will take place on September 12th.
Source: xStation 5
Chart of the Day: Bitcoin āļāļ°āļĨāļļ $75K āļāđāļāļāļāļŠāļāļ 300-EMA āļāļĢāļąāđāļāđāļĢāļāļāļąāļāļāļąāđāļāđāļāđāđāļāļ·āļāļāļĄāļāļĢāļēāļāļĄ
āļŠāļĢāļļāļāļāļĨāļēāļāđāļāđāļē: Bitcoin āļāļļāđāļāđāļāļ° $75K āļāļāļ°āļāļĩāđ Wall Street āļāļĒāļēāļĒāļēāļĄāļāļąāđāļāļŦāļĨāļąāļ
Morning Wrap: āļŦāļļāđāļāđāļāđāļāļĩāļĒāļāļĢāļąāļāļāļąāļ§āļāļķāđāļ Bitcoin āļāļļāđāļ 8% â Risk Appetite āļāļĨāļąāļāļĄāļēāđāļĨāđāļ§āļŦāļĢāļ·āļāļĒāļąāļ?
Bitcoin āļĒāļąāļāđāļāļĢāđāļ āđāļĄāđ Wall Street āļĢāđāļ§āļ ðž āļāļļāļāđāļāļĨāļĩāđāļĒāļāļŠāļģāļāļąāļāļāļģāļĨāļąāļāļĄāļēāļāļķāļ?
