Bitcoin price has faced the brunt of many industry leaders or significant platforms going bust in the last year. From Terra’s implosion to FTX’s bankruptcy, the industry seems shaken from a psychological perspective.
Litecoin price has been performing relatively better than most other cryptocurrencies since FTX’s collapse. Despite the fluctuations in the crypto market, Litecoin has sustained its demand which is evident in the altcoin’s usage.
Cardano price has been following the broader market’s bearish cues making it difficult for the price to breach its immediate resistance level. However, certain cohorts of ADA holders are indicating a possible shift in trend, which might be appealing to bullish traders.
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AAVE price noted a minor fluctuation over the last 24 hours following a hacker's attempt to exploit the platform. However, broader market developments turned the tables around, resulting in the exploiter failing in his attempt.
Avalanche price witnessed a devastating plummet in November. On November 21, the bears forged new monthly lows bringing the market losses to 44%. Several signals suggest the market bottom.
Cardano price could make a move to challenge newfound bears in the market. Traders should keep a close eye on the smart contract token to spot a profitable opportunity. Key levels have been defined to gauge ADA's next potential move.
FTX's former CEO, Sam Bankman-Fried (SBF), recently apologized to its employees, stating he believed the bankrupt company could still be saved.
BTC has faced the brunt of many industry leaders or significant platforms going bust this year. From Terra’s implosion to FTX’s bankruptcy, the industry seems shaken from a psychological perspective. As investors, an unbiased look reveals that the macro bottom is just one 20% crash away. This forecast takes a fresh look at significant levels and anticipates other scenarios that may evolve for Bitcoin price.
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