Bitcoin Price and Ethereum Prediction: Choppy Sessions Continue, Will There be a Weekend Breakout?

cryptonews.com:

Bitcoin (BTC) and Ethereum (ETH) have been experiencing a lack of volatility, with both cryptocurrencies fluctuating between gains and losses. As of now, it remains uncertain whether there will be a significant price movement during the weekend. Previously, the BTC/USD prices traded choppily between a narrow range of $22,000 to $22,500.  

Let's look at the market's fundamental and technical side.

FTX's debtors released their second stakeholder presentation on March 2, 2023. The presentation includes a preliminary analysis of the defunct cryptocurrency exchange's shortfalls, revealing a significant shortfall. 

The analysis found that approximately $2.2 billion of the company's total assets were in FTX-related addresses, but only $694 million is considered "Category A Assets," which includes liquid cryptocurrencies like bitcoin, tether, or Ethereum. 

Additionally, FTX's current CEO, John J. Ray III, stated that the debtor's efforts were substantial and added that the exchange's assets were "highly commingled."

FTX's debtors and CEO, John J. Ray III have released a presentation documenting the cryptocurrency exchange's shortfalls. The report highlights a cyber attack that occurred after FTX filed for bankruptcy. 

The report categorizes FTX's holdings into two groups, "Category A Assets" and "Category B Assets." The public presentation reveals an $8.9 billion shortfall in customer funds. The report states that only a small amount of cash, stablecoin, Bitcoin, Ethereum, and other Category A Assets remain in wallets preliminarily associated with FTX.com. Much of the shortfall can be traced back to Alameda Research.

Silvergate informed the Securities and Exchange Commission (SEC) in a filing after Wednesday's market close that it