The once multi-billion dollar cryptocurrency enterprise, which was headquartered in the Bahamas, started unraveling after a CoinDesk article questioning the financials of FTX’s sister company Alameda Research led to a liquidity crunch in early November. On Tuesday, rival exchange Binance was looking to buy the embattled FTX before the deal was scrapped – the exchange is now seeking protection from bankruptcy in the U.S.
Bitcoin-to-Gold Bottom Fractal is Breaking as BTC Looks for a Bottom
For years, Bitcoin (BTC) traders have watched its price relative to gold (XAU) for clues on when BTC bottoms in...
