BTC is down hitting a new yearly low of $17,603.54, per CoinMarketCap data.

 

Bitcoin is down hitting a new yearly low of $17,603.54, per CoinMarketCap data.

Coinbase CEO on Binance Buying FTX, https://youtu.be/8bEVmm1M9DQ.  FTX’s FTT Token Crashes 78% in 24 Hours, Bitcoin Hits Yearly Low.

FTT is hemorrhaging value, crashing 78% in the past 24 hours from roughly $22 to $4.87, according to data from CoinGecko.

The FTX token reached a low of $3.12 Tuesday before rising slightly to above four dollars and then back to roughly $5.48 at the time of writing Decrypt report. FTT is down nearly 93% from its all-time high of $84 in September of last year.

Meanwhile, Crypto Fear & Greed Index is down two points to 29 out of 100.

BTC the largest cryptocurrency by market cap isn’t doing too well either. BTC is down nearly 10% in the past day, hitting a new yearly low of $17,579, per CoinGecko's assessment.  

The impatient ones sell and possibly lose, while investors who know the cycles of bitcoin buy in segments and make money, as well as experienced traders.

San Jose Costa Rica November 8, 2022, rafaelvilagut@gmail.com.