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Fear of FTX-Spurred Crypto Crash Is Overblown, Analysts Say

Crypto markets slumped Monday amid concern FTX will unload some of its $3.4 billion of crypto assets.

Bitcoin slid to a three-month low on Monday and ether tumbled to its weakest level since March.

The crypto exchanges promotion comes as trading volumes plummet to four-year lows, hurting the exchange’s revenue stream.

There’s a high probability of approval on or before the SEC’s final deadline in mid-October for a decision on the first ether futures ETF in the U.S.

Using BTC as collateral for a derivative is effectively a double whammy, according to analysts.

By Omkar GodboleSep 4, 2023

The price of the tokens has more than doubled on some exchanges in the past week in an otherwise little-changed market.

By Shaurya MalwaSep 1, 2023

Only tron (TRX) and toncoin (TON) were in the green on Friday, up over 1% each on no immediate catalysts.

By Shaurya MalwaSep 1, 2023

Network activity has started to chug along since an earlier glitch was solved last weekend.

By Shaurya MalwaSep 1, 2023

A modestly softer-than-expected employment report Friday morning failed to provide a positive catalyst.

Some signs suggest potential market weakness despite Tuesday’s rally, market observers noted.