Best crypto to buy as analysts think FTX repayments could act as a tailwind for the broader market
The post Best crypto to buy as analysts think FTX repayments could act as a tailwind for the broader market appeared on BitcoinEthereumNews.com. In search of speculative momentum, traders are increasingly drawn to early-stage tokens like Bitcoin Pepe. The upcoming $5 billion payout from the FTX Recovery Trust could be a shot in the arm not just for major cryptocurrencies but also for speculative plays like Bitcoin Pepe. So far, the project has raised more than $12.7 million, with its token, BPEP, currently priced at $0.0396. Bitcoin (BTC) and Ethereum (ETH) dropped 2.5% and 5%, respectively, on Saturday after US President Donald Trump accused China of breaching its trade deal with the United States, reigniting concerns over escalating trade disputes. The market was initially steady following the release of the latest US Personal Consumption Expenditures (PCE) data, which met expectations. However, sentiment soured after Trump took to Truth Social, asserting that China had backed out of commitments made in a prior agreement. This latest development adds another layer of uncertainty to markets already rattled by tariff-related tensions that began surfacing in February, particularly involving Canada and Mexico. As Bitcoin faces another bout of volatility, retail traders appear to be shifting focus toward riskier, high-reward assets such as Bitcoin Pepe, which is now in the final stage of its presale. In search of speculative momentum, traders are increasingly drawn to early-stage tokens like Bitcoin Pepe. These assets offer the prospect of significant returns due to a combination of low initial pricing, strong viral marketing, and the potential for sharp gains once exchange listings commence. Can FTX repayments help the crypto market? The FTX Recovery Trust is set to distribute more than $5 billion in cash and stablecoins to creditors starting Friday, with recipients expected to receive funds within the next three business days via BitGo and Kraken. This marks the second major tranche of repayments since the collapse of the crypto exchange. The first…
The post Best crypto to buy as analysts think FTX repayments could act as a tailwind for the broader market appeared on BitcoinEthereumNews.com.
In search of speculative momentum, traders are increasingly drawn to early-stage tokens like Bitcoin Pepe. The upcoming $5 billion payout from the FTX Recovery Trust could be a shot in the arm not just for major cryptocurrencies but also for speculative plays like Bitcoin Pepe. So far, the project has raised more than $12.7 million, with its token, BPEP, currently priced at $0.0396. Bitcoin (BTC) and Ethereum (ETH) dropped 2.5% and 5%, respectively, on Saturday after US President Donald Trump accused China of breaching its trade deal with the United States, reigniting concerns over escalating trade disputes. The market was initially steady following the release of the latest US Personal Consumption Expenditures (PCE) data, which met expectations. However, sentiment soured after Trump took to Truth Social, asserting that China had backed out of commitments made in a prior agreement. This latest development adds another layer of uncertainty to markets already rattled by tariff-related tensions that began surfacing in February, particularly involving Canada and Mexico. As Bitcoin faces another bout of volatility, retail traders appear to be shifting focus toward riskier, high-reward assets such as Bitcoin Pepe, which is now in the final stage of its presale. In search of speculative momentum, traders are increasingly drawn to early-stage tokens like Bitcoin Pepe. These assets offer the prospect of significant returns due to a combination of low initial pricing, strong viral marketing, and the potential for sharp gains once exchange listings commence. Can FTX repayments help the crypto market? The FTX Recovery Trust is set to distribute more than $5 billion in cash and stablecoins to creditors starting Friday, with recipients expected to receive funds within the next three business days via BitGo and Kraken. This marks the second major tranche of repayments since the collapse of the crypto exchange. The first…
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