Prices continue their downward trend.
Bitcoin price traded at $16,461.26 on the 27th at 8:18 am on the same day, down 0.32% from 24 hours ago, according to CoinMarketCap, a global virtual asset market relay site. .
At the same time, on Upbit, a domestic virtual asset exchange, Bitcoin was trading at 22,671,000 won, down 0.09% from 24 hours ago.
The crypto ledger also continues to fluctuate.
However, on CoinMarketCap, Ethereum was trading at $1205.31, up 0.58% from the previous day.
On Upbit, Ethereum is trading at 1,662,000 won, up 1.03% from the previous day.
Thus, the aftershock of the FTX crisis continues as the price of the cryptocurrency shows a slow trend.
Changpeng Zhao, CEO of Binance, announced on the 24th (local time) that it has launched a $1 billion Industry Recovery Initiative (IRI) to prevent the consequences of the FTX failure.
However, the cryptocurrency market is still frozen. Bitcoin also dipped below $16,000 on bad FTX news on the 22nd.
JPMorgan has warned that the price of Bitcoin could plunge to $13,000 due to the FTX crisis. Bitcoin advocate Robert Kiyosaki, author of “Rich Dad Poor Dad,” predicted it would drop to $10,000.
