Anyone know why FTT price started to rise just now?
I'm searching on google but not found any news, not even found on any Twitter from any person related to case of ftx.
I'm asking here to know about the reason. Thanks
It's very simple. In my opinion, the most probable reason is merely always Bitcoin. Bitcoin is the Alpha to all of the other coins' Beta. Many shitcoins surge when Bitcoin surges, and many of them crash when Bitcoin crashes. It's very rare to see an altcoin/shitcoin that surges while Bitcoin is crashing, BUT it's not very rare to see Bitcoin surge while many altcoins/shitcoins are crashing.
