$3,000,000,000 Sell-Off Event Could Be Coming to Crypto Markets, Warns Analytics Firm IntoTheBlock
Analytics firm IntoTheBlock is warning that one bankrupt crypto firm holding billions of dollars in digital assets could trigger cascading prices. In a report, IntotheBlock’s Lucas Outumuro says that traders are selling their holdings out of fear that the now-defunct crypto exchange FTX could liquidate their massive digital asset trove worth $3 billion. Outumuro zeroes...