Source: Barrons
Author: Adam Clark
Article: Original article
Publication date: Monday, November 21, 2022
Bitcoin's decline and other cryptocurrencies resumed on Monday. New details about FTX's collapse emerged over the weekend. So, concerns consequently occurred around other crypto platforms.
"A minimum of around $15,500 is the last valid support for bitcoin. Below that area there is a way to the $13,000 range", said Javier Molina, senior market analyst at trading platform eToro.
The collapsed FTX exchange owes its top 50 creditors about $3.1 billion, according to a bankruptcy court filing Saturday. On Sunday, FTX's new management team also warned other cryptocurrency exchanges to be vigilant about losing money from their platform.
Forecast:
Bitcoin falls to $13,000
This content is for informational purposes only and is not intended to be investing advice.
