The current bickering of the #1 and #4 exchanges by trading volume has the potential to wreak significant havoc across the crypto space, not just FTX. But how did it come to this? BTC-ECHO market experts Stefan Lübeck and Peter Büscher unravel what led to the current turmoil between Binance boss Changpeng “CZ” Zhao and FTX boss Sam Bankman-Fried, SBF, has led. There’s bruised egos, former partnerships, questionable balance sheets, nationalist taunts and a potentially highly leveraged long position – and we can follow it all live on Twitter. Get out the popcorn.
Positive decoupling from the classic market
While the classic indices mainly produced red candles last week, there was a very positive development on the crypto market with many winners. In this context, we examine the projects Polygon (MATIC), Algorand (ALGO) and Chiliz (CHZ). MATIC can look forward to an innovation award from the Disney group and, unsurprisingly, both ALGO and CHZ are benefiting from the current football hype surrounding the upcoming World Cup in Qatar.
Bitcoin Price Targets
Last but not least, as always, we give you the currently relevant price marks for Bitcoin, both on the top and on the bottom.