SBF gave a brief explanation of what he thinks happened with FTX and Alameda while also promising to make users whole.
Bitcoin tried its hand at overtaking $17,000 hours ago but was stopped once the UK inflation data came out.
Most altcoins have also turned red today with slight losses. Meanwhile, SBF’s Twitter rant continues as the former FTX CEO wants to make customers whole again and even restart his crypto businesses., given what happened in the industry and one of the largest crypto exchanges. Naturally, bitcoin’s price was affected quite a bit, dropping from over $20,000 to a two-year low of $15,650 registered on November 10.
The asset began recovering some ground in the following days as new information about the distressed crypto exchange was unraveling. Nevertheless, BTC failed to reclaim anything more than the $17,000 level.a new 40-year record in terms of inflation rates of over 11%. As such, bitcoin trades under $17,000 now. Its market cap is down to $320 billion, and its dominance over the altcoins sits at 38.3%.This is all you need not to miss any price action in the raging crypto markets.
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