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
Period: 11.12.2025 Expectation: 450 pips
Buying natural gas on way down before next rally
Today at 10:42 AM 22
Period: 08.12.2025 Expectation: 900 pips
Buying SPX from support forming at $6,810
Today at 10:09 AM 12
Period: 12.12.2025 Expectation: 1700 pips
USDJPY uptrend breakout raises correction risk
Today at 09:32 AM 17
Period: 11.12.2025 Expectation: 36500 pips
Fusaka upgrade and Fed pivot fuel ETHUSD buying case
Today at 09:17 AM 15
Period: 20.12.2025 Expectation: 3800 pips
Selling Bitcoin from $90,850
Today at 04:19 AM 17
Period: 10.12.2025 Expectation: 1240 pips
EURUSD gains strength amid widening policy divergence between Fed and ECB
Yesterday at 10:23 AM 55
Go to forecasts