Bitcoin is growing faster than every financial company and bank in history
Source: Documenting Bitcoin
Here Are All The Funds That Are Losing Billions In FTX
Here is a list of the most prominent investors in FTX courtesy of The Block's Frank Chaparro: BlackRock, Ontario Pension Fund, Sequoia, Paradigm, Tiger Global, SoftBank, Circle, Ribbit, Alan Howard, Multicoin, VanEck, Temasek Source: www.zerohedge.com
FTX valuation history
Source: TrungTPhan
Bitcoin vs. Bubbles
It has been one year since Bitcoin peaked north of $65,000. Compared to other major bubbles, the 12-month gain leading up to the peak was second best behind silver in 1979/1980, while the 12-month drawdown post peak has been the most severe. Source: @NDR_Research
S&P Cryptocurrency Index has now lost 74% of its value over past 12m.
News of liquidity crunch, imminent collapse/subsequent takeover by rival of one of largest #crypto exchanges, FTX, with broad-based S&P Cryptocurrency Broad DMI tanking 14% (3rd worst day in 2022); has now lost 74% of its value over past 12m. Source; Liz Ann Sonders
FTX Token is now down 92% from its All-Time-High
FTX was rocked by the collapse of FTX Empire & the drama over potential acquisition of FTX by Binance. FTX was a huge player. According to CoinGecko, FTX was the 4th-largest crypto exchange by volume. Source: Bloomberg, FTX
FTX was the third-largest crypto exchange in spot volume.
How other exchanges can survive and compete against Binance? Source: Ki Yong Lu
FTT TOKEN PLUNGES 19%, BITCOIN FALLS < $20K AS PRESSURE MOUNTS ON FTX
FTT, the token created by crypto exchange FTX, dropped significantly amid an intensive sell-off fueled by Binance CEO Changpeng Zhao’s announcement to liquidate his company's entire holding of FTX native tokens.
