Yes with the crypto exchanges it goes currently not so well -today one reads e.g.:
Quake on the crypto market
FTX emergency sale to Binance - Bitcoin crashes rapidly.
Shockwaves are going through the crypto world. Sam Bankman-Fried, founder of the third largest crypto exchange FTX, has to distress sell his company. The world's largest digital currency exchange, Binance, wants to take over most of the business. Bitcoin - already under pressure - plunges to a two-year low as a result.
The dollar chart is already a good bit more bearish than the euro chart. With the fall of the 2018 high, further drops to around $13,800 to $12,500 are now theoretically on the cards. Currently, BTC is exactly at the low of June 13. A fall below this should further accelerate the ongoing dynamic downward movement.
In the euro chart, the 2018 high is still holding, but a drop below it will easily allow targets on the downside at 10800€.
Quake on the crypto market
FTX emergency sale to Binance - Bitcoin crashes rapidly.
Shockwaves are going through the crypto world. Sam Bankman-Fried, founder of the third largest crypto exchange FTX, has to distress sell his company. The world's largest digital currency exchange, Binance, wants to take over most of the business. Bitcoin - already under pressure - plunges to a two-year low as a result.
The dollar chart is already a good bit more bearish than the euro chart. With the fall of the 2018 high, further drops to around $13,800 to $12,500 are now theoretically on the cards. Currently, BTC is exactly at the low of June 13. A fall below this should further accelerate the ongoing dynamic downward movement.
In the euro chart, the 2018 high is still holding, but a drop below it will easily allow targets on the downside at 10800€.
