The Bitcoin and crypto market is kicking off what could be an extremely important week. While the market is currently overwhelmed by the news surrounding the battle between Binance CEO Changpeng Zhao (“CZ”) and FTX CEO Sam Bankman-Fried (“SBF”), the midterm elections and the release of the CPI data in the US are two major events that could be of crucial importance for the market. As Bitcoinist reports, CZ had announced on Sunday that Binance will sell all of its FTT tokens after a report surfaced that FTX’s books are in trouble. Even though FTX and Alameda have denied the rumors, a lot of selling pressure is currently building on FTT. According to some analysts, this “FUD” could have a significant impact on the markets. As of press time, the Bitcoin price broke below the important $21,000, a mark which was breached last Friday and has been crossed for the first time since mid-September. Bitcoin Ahead Of Midterm Elections Tomorrow, Tuesday, the midterm elections will take place in the U.S., deciding how Congress will be composed soon. As Bloomberg reports, the stakes are high for the Bitcoin and crypto community. Related Reading: Bitcoin Price Surges As U.S. October Jobs Data Comes To Light While the crypto industry waited for clear regulation in 2022, several bills were introduced that could have moved the industry forward. However, political disputes between lawmakers and lobbyists, as well as time pressure,...
