Bitcoin experienced a 3% decrease in value on Monday due to fears that FTX could sell off large amounts of cryptocurrency after court approval. The asset briefly dropped below $25,000 before recovering slightly. The decline in Bitcoin’s price may be related to FTX potentially liquidating over $250 million worth of BTC. Traditional markets also faced turbulence, with the US Dollar Index dropping 0.5% in anticipation of inflation figures. Traders may be front-running reports of FTX’s potential liquidation.
AI Sentiment: Negative