Weekly Newsletter of November 6, 2022

Here are the highlights of the last 24 hours โ€“ Edition no. 213

The Top 5 Cryptos Today:

๐Ÿ“ŒBitcoin (BTC) | $16,806 ๐Ÿ”ฝ

๐Ÿ“ŒEthereum (ETH) | $1,257 ๐Ÿ”ฝ

๐Ÿ“ŒBinance Coin (BNB) | $282 ๐Ÿ”ฝ

๐Ÿ“ŒXRP (XRP) | $0.36 ๐Ÿ”ฝ

๐Ÿ“ŒDogecoin (DOGE | $0.09 ๐Ÿ”ผ

๐Ÿ“ˆFirst signs of a bullish recovery? Over the past 24 hours, the price of BTC has held below the $17,000 threshold and appears to be heading for a second test of the critical $15,000 support. However, bullish technical signals can already be seen on the daily chart. Indeed, the cryptocurrency is currently forming a falling wedge, a bullish type pattern that also coincides with a bullish divergence from the RSI. These various elements suggest the possibility of a trend reversal and an imminent return to 20,000 dollars, provided that the 15,000 dollar zone manages to withstand the shock.

๐Ÿ’ฅFTX victim of a massive hack! No respite for the failed exchange, disasters follow one another. Only hours after filing for bankruptcy and the resignation of its CEO, FTX was the target of a massive hack. It is thus 400 million dollars which would have been transferred out of the exchange during the attack. The website and app would be compromised.

๐Ÿ—žNexo, next on the list? After FTX, will Nexo be the next Icarus of crypto? This is suggested by the collapse of its NEXO token and its setbacks with American justice.

๐Ÿ’ฌElon Musk speaks on SBF. The new boss of Twitter took advantage of the news to give his opinion on Sam Bankman-Fried, the ex-CEO of FTX.

๐Ÿ‡ง๐Ÿ‡ธFTX assets frozen in the Bahamas! The series of dire news continues for the exchange, Bahamian regulators have announced the freezing of FTX assets.

๐Ÿ‡บ๐Ÿ‡ธThe White House reacts to the news. The government has stressed the need for careful regulation in light of recent events.

Have a nice day and see you soon for more crypto news!

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