Here’s Why Ethereum Price May Pump to $1,300
Ethereum Heres Why Ethereum Price May Pump to $1,300 11 / 14 / 2022 Balita ng Ethereum ng Bitcoin Sumali sa aming Telegrama channel upang manatiling napapanahon sa breaking news coverage After a downtrend of 19.59% in the past week, ETH is trading at $1,260, a price pump of 1.23% in the last 24 hours. The asset has strong fundamentals that could support a price increase, but TAMA may be an even ideal asset for value-seeking investors. FTX Bankruptcy Affects Crypto Prices So far, the biggest market driver is the recent bankruptcy of the cryptocurrency exchange FTX. FTX, once a market giant and the second-largest exchange, collapsed last week following revelations that the company had been significantly underreporting its liabilities, particularly in relation to sister trading firm Alameda Research. Following a massive bank run, FTX became insolvent. After rival exchange Binance nag-back out of a last-minute deal to bail the company out, FTX and its subsidiaries filed for bankruptcy. Things have only gotten worse, as over $400 million was siphoned from FTX over the weekend. While the company has reportedly blamed it on a hack, word on the street is that company executives had drained the wallets and made a run for it. Considering that these executives have also gone