Technical Analysis

WSJ: BlockFi pairs for potential bankruptcy

Crypto currency lender BlockFi is preparing for potential bankruptcy filing after voting withdrawals of customer deposits and acknowledging it has a significant exposure to FTX. Planning BlockFi is planning to layoff workers. The company is based in Jersey City, New Jersey.

Bitcoin is trading at $16,958. The low for the day reached 16,511. The high for the day reached $17,095. The impact from the FTX on Bitcoin, has seemed to run it’s course for now at least.

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