A week of sideways movement in the price of Bitcoin in which the recurring theme continues to be FTX. Blockfi and Genesis sound like the next to fall, doubts about the solvency of practically all the protocols whose business is lending.
In a new chapter of the FTX novel, it is rumored that the fall of FTX is an attempt to cover up the use of public funds to finance political campaigns. The rumor talks about the donations that the USA made to the Ukraine, which in turn the Ukraine stored in FTX, which was one of the great benefactors of the previous campaign.
With this on the table, we can end up with an investigation and an extradition of SBF despite the fact that there is no agreement between the USA and the Bahamas. Someone has to explain and everything indicates that he has the answers.
The price of Bitcoin is still around $16,400 and Ethereum at approximately $1,200. With the uncertainty of the crypto market and the low volume of capital that moves, what we are all waiting for is the correction of the traditional markets (they have to fall a lot from their current value) to see how far they drag cryptocurrencies.
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