**3 Key Crypto Price Events To Focus In The Rise Of FTX And Alameda Debacle**
Bitcoin had been experiencing low volatility until recently, allowing altcoins to present attractive technical setups. Analysts believed BTC was forming a bottom with brighter days ahead. However, the recent spike in volatility turned out to be unexpected.
FTX and Alameda Research are facing challenges, with BlockFi halting withdrawals. This event’s impact is reverberating across the crypto ecosystem, prompting caution in short-term investments.
Volatility is expected to persist, leading to fluctuating crypto prices. Investors are advised to stick to a solid plan or maintain a wait-and-see approach.
Here are some key aspects to monitor in the upcoming days.
**USDT/USD vs. USDC/USD**
During high volatility events, stablecoins may deviate from their $1 peg, such as when rumors affect Tether’s value. False information circulating on social media can trigger panic selling, prompting investors to shift to alternative stablecoins.
Monitoring the stability of USDT and USDC pegged to the dollar is crucial during turbulent times.
**Bitcoin price expectations**
The recent sell-off pushed BTC below a key price range. Failure to reclaim this range could lead to further selling pressure, potentially dropping the price to the $11,000–$12,000 range. Reclaiming the $18,000 level would signal a positive trend for Bitcoin.
Similar volatility is seen in Ether’s price, which dropped but managed to rebound within its previous range.
**The market is searching for firmer footing**
Many crypto-related entities have exposure to FTX and Alameda Research, leading to potential financial repercussions across the industry. Companies holding significant altcoin and DeFi assets may need to sell to cover losses, impacting prices. Thorough research is advised before making investment decisions in the current market conditions.
Stay informed and conduct due diligence before venturing into cryptocurrency investments.
*Disclaimer: The views expressed are of the author and do not represent Cointelegraph. All investments involve risks, so conduct thorough research before making decisions.*
**Image Source:** Creativan / Shutterstock
