The exits began earlier in November as suspicions rose about FTX's solvency.
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 17, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
It’s difficult to see a sustained recovery in crypto prices without stablecoin outflows stopping, the report said.
Voyager filed for Chapter 11 bankruptcy protection in early July, citing more than 100,000 creditors and as much as $10 billion in assets and liabilities.
If investors continue to increase their exposure, crypto could see “momentum really come into place,” OANDA Senior Market Analyst Edward Moya said, on CoinDesk TV’s “All About Bitcoin.”