Today, Bitcoin is still trading between $17,000-$17,350, while Ethereum is at $1,250. Other cryptocurrencies tumbled, with the market cap gaining just 0.2% over the past 24 hours.
Economic conditions are still not good. Elon Musk tweeted yesterday that if the Fed raises interest rates again next week. The recession could be even worse.
Massive XRP Transfer Whale
In the Ripple market, reports have revealed that Ripple whales moved over 143 million XRP from an unknown wallet to another unknown wallet. It’s worth more than $55 million, according to Whale Alert.
Earlier in December last year there was also such a huge XRP transfer, with over 100 million XRP moved at that time. XRP price is now at $0.387959, not much change in the last 24 hours. referinformationfrom CoinGecko
FTT investor under investigation for violating securities law
After FTX founder Sam Bankman-Fried being investigated for fraud FTX (FTT) coin investors have also been accused of violating securities laws. But Schall Law Firm has stepped in to help investors dispute the allegations.
Binace CEO CZ and Tether CEO sees SBF as wanting to shake the crypto market in order to save exchange FTX, which is in the process of bankruptcy.