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Analysts Say FTX Repayments Will not be Super Bullish for Crypto: Here is Why

  • Analysts from Presto Labs question whether FTX users will invest repayments into cryptocurrencies.
  • FTX's Reorganization Plan, approved by the US Bankruptcy Court, will distribute $16 billion in repayments within 60 days.
  • Presto Labs analysts explain that the impact of FTX repayments on cryptocurrencies is not imminent.
  • Bitcoin and Ethereum prices have dipped slightly following the court's approval of FTX's repayment plan.

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