Bitcoin Holds Steady Over $16K Amid Widening FTX Fallout

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Bitcoin was recently trading at around $16,600, little changed over the past 24 hours, despite a growing rush of companies admitting exposure to embattled crypto exchange FTX and its sibling company, Alameda Research. _jocelynyang_ reports

On Wednesday, the lending arm of Genesis Global Capital joined the list of firms caught in FTX fallout as it

. In a call with customers, Genesis Interim CEO Derar Islim connected the firm’s decision to FTX’s collapse. Bitcoin was recently trading at around $16,600, little changed over the past 24 hours. The largest cryptocurrency by market capitalization hovered over its latest $16,000 support for a ninth consecutive day. BTC dropped below its previous $19,000 support as the first threads of Sam Bankman Fried’s FTX empire began unraveling. is also the parent company of CoinDesk.)

Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in a Thursday email that markets have already “priced in” the latest news. “It might take another downfall of a major crypto company or a de-risking movement on Wall Street to take bitcoin below its recent low,” he wrote.also “partially softened the fall” in the BTC market, Serhii Zhdanov, CEO of cryptocurrency exchange EXMO told CoinDesk, although a quick recovery of the market is “not foreseen for the nearest future.”

 

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_jocelynyang_ $SAO was up 35% today!!!!

_jocelynyang_ abb aur kitna girega re baba !

_jocelynyang_ Ita bs manipulation as usual. A lot more cockroaches need to get rekt

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