📉 Cryptocurrency markets are falling again: BTC and SOL under pressure due to news from #FTX

Bitcoin (#BTC ) and Solana (#solana ) experienced a slight decline on Thursday, following the announcement from the bankrupt cryptocurrency exchange FTX about the start of a second phase of fund distribution to creditors, scheduled for May 30.

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📌 What happened?

◾️FTX announced that it will begin the second phase of payments to creditors at the end of May, raising concerns in the market about potential pressure on cryptocurrency prices.

◾️Bitcoin (BTC) dropped by 1.39%, trading at around $102,700.46.

◾️Solana (SOL) fell by 4.24%, to $169.11.

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📊 Current prices

Bitcoin ($BTC ): $103,604

Solana ($SOL ): $169.59

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💭 Opinion of Mr. Belferman:

“When even the ghosts of the past, like FTX, influence the market, it’s worth considering: isn’t it time to rethink your investment strategy?”