Volatility is back with a bang. Turmoil over crypto exchange FTX has punished markets further and sees Bitcoin battling support.
showed BTC/USD hitting $19,244 on Bitstamp, marking the pair’s lowest levels in two weeks and 24-hour losses of nearly 7%.in the industry, despite the United States midterm elections getting underway and Nov. 10 due to deliver fresh inflation data.
Binance was up a net 4,840 BTC for Nov. 8 at the time of writing, while Coinbase was conversely down 5,180 BTC.Engineer and trader Tree of Alpha nonetheless stayed optimistic about the eventual resolution of the FTX saga., adding that the “news playbook is omega long ftt + majors if prices are still that bad when SBF and/or CZ announce they reached a deal and funds safu on both ends and withdrawals are back on.”additionally revealed tentative plans for a buyout.
An accompanying chart showed the BTC/USD order book on Binance, with support increasing below spot price.
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