“It is difficult to ascertain the precise reason for this other than the hawkish rhetoric from the US Federal Reserve and the recent price decline,” CoinShares wrote.
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“It is difficult to ascertain the precise reason for this other than the hawkish rhetoric from the US Federal Reserve and the recent price decline,” CoinShares wrote.
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The reported discussion between the two CEOs of the company happened in March last month, at a time when FTX requested CFTC to eliminate the role of brokers in product offerings.
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Bitcoin, NEAR, FTT, ETC and XMR are attempting to rebound off their strong support levels, indicating buying on dips.
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ADA, AXS, LINK and FTT may start a strong recovery in the next few days if BTC holds the $45,000 level as support.
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BTC’s price action is looking grim, but traders hope that a bounce off the $42,000 support will complete a bullish technical analysis pattern and trigger a rally in Bitcoin and altcoins.
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If Bitcoin breaks above $45,500, select altcoins like NEAR, ATOM, FTM and FTT could turn bullish in the short-term.
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In the last 24 hours, the decentralized exchange sector has logged a combined profit of over 60%, while their centralized counterparts have grown by just 0.77%.
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The latest FTT price boom came in the wake of similar upside moves across exchange assets.
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BTC bulls are still trying to flip $50,000 to support and if this occurs LTC, FIL, FTT and MIOTA could rally higher.
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Bitcoin is facing stiff resistance at the 200-day SMA but if bulls can clear this hurdle, LTC, ICP, THETA, and FTT may extend their relief rally.
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