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3 key crypto price events to watch in the wake of the FTX and Alameda debacle

Published 11/11/2022, 04:40 PM
Updated 11/12/2022, 07:40 PM
3 key crypto price events to watch in the wake of the FTX and Alameda debacle

Up until the start of this week, Bitcoin (BTC) had been demonstrating record-low volatility, and this gave altcoins enough latitude to paint some nice technical setups.

At the same time, on-chain data and technical analysis were beginning to suggest that BTC was midway through carving out a bottom, and many analysts believed that brighter days lay ahead.

USDT/USD peg. Source: TradingView
USDC/USD peg. Source: TradingView
BTC/USDT 1-day chart. Source: TradingView
ETH/USDT 1-day chart. Source: TradingView

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