BTC, ETH remain lower following FTX saga, U.S. inflation report also weighs on crypto markets.
Last night sawAs a result of this decline, the world’s second largest crypto token moved to its lowest point since July 14.Referring to the FTX/Alameda saga, Ethereum co-founder Vitalik Buterin stated that, “If you make a coin, don’t keep the supply for yourself and “intend” to give it later. Just issue half straight to GiveWell or OpenPhil or whoever. Don’t insert your own friggin fund in the middle.”has since rebounded from earlier lows and is currently trading at $1,214.
However, the 10-day moving average continues to close in on its 25-day counterpart, which could trigger further declines should they cross.Tags in this story
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