Bitcoin SV, Doge Coin & FTX Token — Asian Wrap 12 January

Bitcoin SV noted a sudden rise in selling pressure as Robinhood announced the termination of support for the cryptocurrency. Robinhood has received significant attention in the media in recent days, particularly in connection to the collapse of FTX.

Dogecoin price has risen by 10% since January 1. DOGE nears strong resistance as bulls are at the midway point of the previous trading range. Invalidation of the bearish thesis could occur from daily settle above $0.083.

FTX bankruptcy lawyer stated that the $5 billion had been found in the form of cash, liquid cryptocurrency and liquid investment securities. Alameda spent FTX customers’ money on planes, parties and political donations, according to the bankruptcy lawyer. FTT price has benefitted from the bullish momentum of the last ten days to mark a 60% rally.