Bitcoin is a leading cryptocurrency, but due to the FTX liquidity crisis, BTC price has broken the strong support of $19K. Now it is trading at $16,001, around the lower range of the Bollinger Bands. Most other technical indicators are bearish, suggesting it will consolidate within a range of $18K and $15K, at least for the next few weeks.

After several days of standing in one place, bitcoin took a turn to the worse and dropped to a weekly low of under $16,000.

Today, on Nov. 21, 2022, Bitcoin (BTC) difficulty, the most crucial indicator of BTC network performance, prints a new historical high. According to public trackers, it spiked to 36,950,494,067,222 T after a surprising +0.51% adjustment.

CryptoPotato recently reported that upwards of $8 billion worth of crypto was withdrawn from centralized exchanges following the FTX collapse. Now, data shows that Binance has the largest reserve of BTC for the first time.

CZ recently reiterated that bitcoin is not dead, as the community is still actively involved amid the prevalent Crypto Winter.

Arkon Energy, a leader in renewable data center infrastructure, has raised $28m in funding and acquired Hydrokraft AS. Both developments will aid the company in expanding its footprint in the Bitcoin mining industry. 

Bitcoin and Ether both fell in Monday morning trading in Asia along with all of the top 10 non-stablecoin cryptocurrencies by market capitalization. With the exception of XRP, all the top 10 also lost ground over the last seven days as more details emerged about the failure of the FTX exchange.

The United States Department of Justice (DOJ) has arrested and charged an Ohio Man with $10 million crypto investment fraud. According to the official announcement, the defendant, Rathnakishore Giri, 27, presented himself as an investment manager specialising in Bitcoin (BTC) derivatives trading to defraud investors.

Bitcoin has not made any decisive moves in days as the asset remains stuck below $17,000. This is expected to an extent today, given the unusually low trading volumes.

Economist and gold bug Peter Schiff says bitcoin still has a long way to fall after the collapse of crypto exchange FTX. He also believes that $10K is the real price of bitcoin, warning that “The lion’s share of the selling has not even started yet.”