Virtual asset prices continue to decline as the aftermath from FTX continues.

According to CoinMarketCap, a global virtual currency market relay site, on the 21st, Bitcoin prices were traded at $16,010.67 as of 11:38 a.m., down 4.14% from 24 hours ago.

At the same time, Bitcoin was traded at 22.445 million won on the domestic virtual asset exchange Upbit, down 1.51% from 24 hours ago.

Ethereum, the leader of Altcoin (other than Alternative Coin and Bitcoin, is also on the decline.

In Coin Market Cap, Ethereum was traded at $1118.74, down 8.23% from the previous day.

In Upbit, Ethereum was traded at 1,564,000 won, down 2.28 percent from the previous day.

As the aftermath from FTX continues, anxiety continues in the virtual asset market.

According to FTX’s list of creditors submitted to the bankruptcy court in Delaware on the 20th (local time), the debt owed to the top 50 unsecured creditors reached $3.1 billion (about 4.16 trillion won).

They were found to be individual and institutional customers who were affected by the FTX insolvency.

FTX had proposed the number of creditors to 100,000 when it filed for bankruptcy protection, but FTX lawyers reported to the court that the number of creditors could exceed 1 million.

Some predicted that virtual asset prices could fall further as the aftershocks continue.

“Il Capo of Crypto,” a virtual asset analyst and trader, predicted on Twitter on the 18th that Bitcoin is likely to fall further in the short term.

Japan Capo predicted, “It is only a matter of time before Bitcoin prices fall to $12,000 to $14,000, and Altcoin will fall by an average of 40-50% due to its larger drop.”

By fonuder

Leave a Reply