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Crypto Market Warning: BTC, ETH, XRP at Risk as FTX Payouts Approach

  • Bitcoin (BTC) is predicted to lead the general crypto market into a long downturn as FTX commences repayment to customers.
  • The crypto market is experiencing a serious downturn with Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE) all declining.
  • FTX creditors with claims under $50,000 have started receiving their locked-up funds, representing $1.2 billion worth of assets.
  • An analyst predicts Bitcoin's prolonged correction to $86k due to rising inflation and the liquidation of Bitcoin holdings by Binance.

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