Technical Analysis

There’s a run on the crypto bank. Talk of a halt in withdrawals at FXT

Eyes are on the crypto market today as the fued between Binanace and FTX turns to full-scale warfare.

The Block reports that FTX appers to have stopped processing withdrawals, citing on-chain data.

“The last outgoing transaction from FTX on the Ethereum blockchain took place at 6:37 a.m. ET, more than two hours ago, data from Etherscan show. It’s a similar story on the Tron and Solana blockchains as well, on-chain data show.”

FTX’s token is down 22% today.

Some background here.

Bitcoin is down 5% today at ethereum -7.5%.

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