Bitcoin’s Bearish Pressure Rises as FTX Begins Repayments for Claims Below $50K

The post Bitcoin’s Bearish Pressure Rises as FTX Begins Repayments for Claims Below $50K appeared first on Coinpedia Fintech News

As FTX begins its repayment process and injects liquidity into the market, there’s a downward pressure on the price chart. As a result, Bitcoin is having trouble building the buying momentum that analysts had anticipated would increase following FTX’s repayments. FTX Distributes $1.2 Billion in First Phase FTX has started paying back its creditors on …