11 November 2022 | Other

Cryptocurrency decreases amid the continuing problems with FTX

On Friday, cryptocurrency prices dropped, although other volatile assets became more expensive despite the inflation in the USA. This is a domino effect provoked by the fall of FXT.

According to the head of trading at digital-asset exchange Independent Reserve in Sydney John Toro, currently, many risks are related to other cryptocurrencies, and it takes a long time to overcome them. They appeared after the FTX-Alameda crash. Meantime the market is highly vulnerable.

There is information that the founder of FTX Sam Bankman-Fried is being investigated by the US Securities and Exchange Commission, and crypto lender BlockFi removed the opportunity to withdraw cash because of unrest.

Probably, such uncertainty will last for a long time in the cryptocurrency market.



Company MarketCheese
Gold buy
Period: 13.06.2028 Expectation: 300 pips
Invest in gold with $4,350 in view
Today at 11:02 AM 37
Period: 20.07.2026 Expectation: 1300 pips
SPX pulls back on profit-taking
Today at 09:06 AM 14
Period: 20.07.2026 Expectation: 600 pips
EURUSD is under bearish paw ahead of US economic data release
Today at 06:46 AM 20
Period: 27.07.2026 Expectation: 2500 pips
Silver sell-off targets $55.50
Today at 06:46 AM 12
Period: 17.07.2026 Expectation: 500 pips
Buying Brent crude with $80 target
10 July 2026 61
Period: 31.08.2026 Expectation: 600 pips
Invest in AUDCAD up to 0.9900
10 July 2026 42
Go to forecasts