Bitcoin (BTC) miners or entities generating the cryptocurrency seem to be running down their coin stash amid the FTX-induced market panic.

Elon Musk has once again shared his thoughts on Bitcoin. This time in a thread discussing where BTC will be in one year.

Bitcoin is down nearly 20% in seven days to trade at $16,789 as a result of the FTX bankruptcy, which has caused market chaos and risk-off sentiment. Ethereum, the second-most valuable cryptocurrency, on the other hand, has plunged over 20% in the last seven days to trade at $1,252.20.

The prominent bitcoin bull – Michael Saylor – opined that the FTX crisis will have certain benefits on bitcoin.

The cryptocurrency market continues to bleed out and in the past 24 hours, its total capitalization shed another $20 billion.

Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) investors are withdrawing funds from exchanges at a rate not seen since April 2021 with nearly $3 billion in Bitcoin withdrawn over the past seven days.

In a late Friday tweet, Kiyosaki said to his more than 2.2 million followers on Twitter that he continues to be a big proponent of Bitcoin, gold, and silver. He added that the selloff could see Bitcoin drop to $10,000-$12,000, but he will use the opportunity to stock up more coins.&nbsp;

<b>FTX</b> crashed. Cryptocurrency prices tumbled on Friday as fretful investors returned to their defensive postures of earlier in the week.

According to on-chain data, seven dormant Bitcoin wallets awakened on Nov. 11 to move a total of 3,500 BTC ($60,6 million) to new addresses. A transaction fee for one of these 500 BTC transactions ($8.7 million) amounted to just 0.00011383 BTC, or $2.

Ethereum-based t<a href="https://dune.com/21shares_research/alameda-and-ftx-tracker">oken data on Dune Analytics</a>, shows the current state of wallet holdings held by FTX and Alameda.&nbsp;