Bitcoin Price Prediction as BTC Sees $300 Billion Trading Volume Come In – Pump Imminent?
On November 07, Bitcoin traded in line with our Asian session price prediction and fell below the $20,900 level. Despite reaching nearly $21,500 last week, the market has been unable to break its current pattern. However, the following week has a decent potential of being the turning point.
The volatility of risk assets may be influenced by the release of important United States inflation statistics for October on November 10. Additionally, the release of unemployment claims and various speeches by Federal Reserve officials on the same day may also have an effect.
Trouble surrounding the cryptocurrency exchange FTX, Alameda Research, and Binance is a surprising development in the world of cryptocurrencies.
The cryptocurrency exchange FTX responded to customer complaints about withdrawal delays on Twitter. Although node throughput is restricted for Bitcoin BTC $20,718, FTX has informed consumers that the matching engine is operating normally.
The exchange also mentioned stablecoin withdrawals in a series of tweets, stating that transactions could take longer than usual until banks reopen and wires clear. Twitter users, meanwhile, reacted in a variety of ways to FTX's remark. Some Twitter users defended the trade, while others voiced doubts:
Reddit users have also voiced concern, drawing parallels between the current predicament and the panic that ensued when Celsius suddenly stopped withdrawals and misled its users before the platform went down.
Investors' concerns about FTX were keeping market risk sentiment low. However, SBF's response is removing some uncertainty and driving market optimization.
Bitcoin is trading at $20,876, with a 24-hour trading volume of $38 billion. So far, Bitcoin has fallen more than 1% and now
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