The cryptocurrency market is experiencing mounting losses, and the oil to the fire has been provided by the news that the FTX exchange has halted withdrawals. Today's sell-off is interesting in that it stands in complete contrast to the traditional market, which is clearly gaining. The dollar is in retreat, and U.S. indices are reaching daily highs. Data from Etherscan indicates that the last transactions were made nearly 2h ago!
Bitcoin reserves of the FTX exchange are reaching the bottom, raising concerns about a massive sale of BTC by the exchange. This puts additional pressure on the crypto market. Source: CryptoQuant
FTX is already losing more than 33%. Bitcoin is losing more than 6%, and U.S. indices are entering daily highs. Source: xStation5
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