Bitcoin Price and Ethereum Prediction, Solana Pumps 4%, Can We Expect More?

cryptonews.com:

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 global crypto market cap fell over 4% to $810.59 billion on the previous day, sending major cryptocurrencies into the red early on November 14. In contrast, the total crypto market volume increased over 12% in the last 24 hours to $60.78 billion.

The overall volume in DeFi was $4.23 billion, accounting for nearly 7% of the entire 24-hour volume in the crypto market. The entire volume of stablecoins was $56.48 billion, accounting for 92% of the overall 24-hour volume of the crypto market.

Let's take a look at the top altcoin gainers and losers over the last 24 hours.

Trust Wallet Token (TWT), ZCash (ZEC), and GMX are three of the top 100 coins that have gained value in the last 24 hours (GMX).

The TWT soared by more than 19% to $2, the ZEC grew by more than 6% to $41.60, and the GMX increased by nearly 3%.

FTX Token (FTT) has lost more than 18% of its value in the last 24 hours and over 90% in seven days to trade at $2.26. VIDT DAO (VIDT) has lost 90% in the last 24 hours

Since the failure of the second-largest cryptocurrency exchange last week, Bitcoin holders have been increasingly turning to self-custody options. Analytics firm Glassnode reports a dramatic increase in transactions from exchanges to personal cold storage wallets.

Glassnode tweeted on November 13 that monthly Bitcoin withdrawals from exchanges have reached near-historical levels of 106,000 BTC. Only three other times before this (April 2022, November 2020, and June/July 2022)