DDCT #149 - 11/18/2022 (Justin Bieber bought a Bored Ape NFT in January for $1.3 million that's likely worth about $70,000 in the wake of the FTX collapse‪)‬ Dave's Daily Crypto Take

#Bitcoin #FTX #JustinBieber

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ARTICLES used in today's video:

https://ambcrypto.com/bitcoin-btc-short-traders-ravage-the-market-as-whales-intensify-accumulation/

Bitcoin [BTC] short-traders ravage the market as whales intensify accumulation

In spite of persistent price decline, Bitcoin whales continue to accumulate.
However, on-chain data suggested that most might be accumulating to short the king coin
Currently trading at a two-year low, Bitcoin [BTC] whales have ramped up the accumulation, on-chain data showed.

https://qz.com/the-grownups-are-now-taking-charge-of-ftx-1849795524

The grownups are now taking charge of FTX

The job of new FTX CEO John Ray III, who was appointed in the wake of the cryptocurrency exchange’s bankruptcy filing, is ostensibly to guide FTX through a complicated restructuring and try to get the exchange’s creditors and customers their money back.

https://ambcrypto.com/dogecoin-doge-buyers-can-leverage-this-patterns-break-to-their-benefit/

Dogecoin [DOGE] buyers can leverage this pattern’s break to their benefit

While defending the $0.07 baseline, Dogecoin formed a bearish pattern on its daily chart.
DOGE’s Social volumes declined but its funding rate unveiled some hope.
Dogecoin’s [DOGE] reversal from the $0.07 support finally broke the streak of red candles as the buyers attempted to change the narrative. Consequently, the meme coin grew but flattened near the 200 EMA (green).

https://www.businessinsider.com/justin-bieber-bored-ape-nft-value-dropped-after-ftx-collapsed-2022-11

Justin Bieber bought a Bored Ape NFT in January for $1.3 million that's likely worth about $70,000 in the wake of the FTX collapse

Justin Bieber's bought a Bored Ape NFT for $1.3 million in January. It's now probably worth $70,000, according to NFT Price Floor.
The 95% drop in valuation comes after Sam Bankman-Fried's FTX collapsed and caused crypto prices to crash.
Bored Ape isn't the only ethereum-fueled NFT collection impacted by the crypto crash.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

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DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave


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