The Detail Bitcoin and Crypto Market break down this time.
The bitcoin market has been on a roller coaster ride over the past few weeks, and things took a turn for the worse this week when the value of the overall crypto market plummeted.
The recent sell-off was driven by a number of factors, including concerns about regulation, FTX goes bust, Binance to acquire FTX pending DD, CZ announces Binance to do proof of reserves, CFTC monitoring FTX Binance drama, Zhu Su tweets, Do Kwon appears on Up Only, BTC testing 300 Weekly MA, FTX Withdrawals halted and $FTT crashed 80%.
While it's impossible to predict where the market will go next, it's clear that there is a lot of uncertainty in the air, but I am trying my best in this chart. Thanks and keep learning.
The bitcoin market has been on a roller coaster ride over the past few weeks, and things took a turn for the worse this week when the value of the overall crypto market plummeted.
The recent sell-off was driven by a number of factors, including concerns about regulation, FTX goes bust, Binance to acquire FTX pending DD, CZ announces Binance to do proof of reserves, CFTC monitoring FTX Binance drama, Zhu Su tweets, Do Kwon appears on Up Only, BTC testing 300 Weekly MA, FTX Withdrawals halted and $FTT crashed 80%.
While it's impossible to predict where the market will go next, it's clear that there is a lot of uncertainty in the air, but I am trying my best in this chart. Thanks and keep learning.