FTX begins $900M payout as creditors in 45 countries could lose their claims within 6 months
Only creditors who cleared the June 16 requirements and can onboard with BitGo, Kraken or Payoneer are on the July 31 clock.
Read sharp crypto market analysis, expert breakdowns, and on-chain insights covering Bitcoin, Ethereum, altcoins, and macro trends.
The split between improving Wall Street demand and weakening trading liquidity leaves $57,000 in view if support fails.
Bitcoin’s long-term case is strengthening for the same reason its price keeps suffering
Cooling holder losses support a higher low, but weak spot demand leaves Bitcoin below its first major recovery test near $69,000.
Both of the two big US report that landed this week have a blind spot that makes it harder to tell a healthy consumer from a squeezed one.
Bitcoin faces liquidity pressure if private credit stress tightens bank funding lines and drains risk appetite.
Bitcoin will trade through the weekend while oil futures, Treasuries, and US equities remain closed, making it the first global risk asset forced to absorb Hormuz developments.