Bitcoin and select altcoins are struggling to rise above their immediate resistance levels, indicating that bears remain in full control.
BTC price targets now include $12,000, with Ethereum potentially falling to $800 for the pit of the bear market.
The Bahamian securities regulator clarified it directed FTX to move its digital assets to a wallet owned by the commission on Nov. 12.
Warren Buffett said that “What we learn from history is that people don’t learn from history.” Crypto traders can change that.
The Solana cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits in Solana-based stablecoins.
Despite eight months of due diligence, investment firm Temasek found no major concerns with FTX’s financials and no sign that the crypto exchange would eventually collapse.
TSM confirmed that it remains “strong, profitable and stable” despite its decision to suspend the sponsorship with FTX.
The recovery in BTC and altcoins fizzled out fast, suggesting that investors continue to maintain a risk-off stance to all cryptocurrencies.
Most of FTX's Solana exposure stands vested, meaning the defunct exchange will gradually gain access to millions of SOL up until January 2028.