Can Bitcoin Reach $25,000 ?

This week seems to be awesome for cryptos, while Bitcoin tried to make a resurging move towards $25,000. However this trend can’t stand for long enough and dropped to $23,600 again.

This weak move in the market shows that everyone is looking for a triggering event and give more hope and ambitions in the investors. This week also, there was another dimension of the FTX collapse that was brought up in the market surface.

Many tokens based on Alameda Research and consequently on FTX to make their initial launch. The collapse of both companies drove all those tokens to postpone their launch in the market, taking away more liquidity from the market.

Also, it is more clear than ever that Alameda Research was one of the biggest market makers in the crypto markets, creating more liquidity for it.

Its closure is still hurts the market…