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Crypto markets face weeks of deleveraging in FTX fallout, could push Bitcoin to $13,000

Crypto markets face weeks of deleveraging in FTX fallout, could push Bitcoin to $13,000

JP Morgan with the call:

  • Crypto markets face weeks of deleveraging in the fallout from the crisis at digital-asset exchange FTX
  • could push Bitcoin down to $13,000
  • A “cascade of margin calls” is likely underway
  • complex interplay between FTX, its sister trading house Alameda Research and the rest of the crypto ecosystem

BTC update:

This article was written by Eamonn Sheridan at forexlive.com... Read More
Posted: Nov 10 2022, 02:23
Author Name: forexlive
Views: 111711

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