BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI By Cointelegraph

FTX’s collapse dealt a serious blow to the already fragile sentiment amongst cryptocurrency traders. Though a fast restoration is unlikely, Blockchain evaluation agency Chainalysis stated that the crypto universe might emerge stronger from this disaster. Chainalysis’ analysis lead Eric Jardine arrived to the conclusion after evaluating FTX’s fall to that of Mt. Gox.

One other calming assertion got here from Bloomberg Intelligence exchange-traded fund (EFT) analyst James Seyffart, who stated that there was a “99.9% probability” that the Grayscale Belief (GBTC) held the Bitcoin (BTC) it claimed. He added that GBTC was “unlikely” to be liquidated.