Reply To: Traders Market Weekly: Bears Squeezed in Bonds, Stocks and Currencies

#47299
MoneyNeverSleeps
Participant

FTX CEO Bankman-Fried tells FTX employees the firm was hit with $6 billion in withdrawals

says the company has ‘effectively paused’ withdrawals

Bitcoin breaks the 2021 lows
Bitcoin down 15%

Ethereum is down 18%, Solana down 30% and FTT Coin is in a death spiral.

The price of FTT reached a corrective high of $19.75 off the news that they were looking to sell to Binance. Then the market got wind that there was more work and diligence to go and maybe that the diligence might not be all that good, buyers turned to sellers and the price has now moved to a new low of $8.56.