Bitcoin, Ethereum, Dogecoin Tumble: Analyst Sees Another Bear Rally As FTX Fallout Continues To Roil Crypto Market – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)

The two largest cryptocurrencies, Bitcoin USD/BTC Y Ethereal EUR/USDtraded in the red on Sunday night as the global cryptocurrency market capitalization fell 3.81% to $804.37 billion at 8:54 p.m. EST.

cryptocurrency Performance Price (Sunday, 8:45 pm EST)
Bitcoin -4.24% $15,989.83
Ethereal -8.39% $1,117.77
dogecoin -11.72% $0.0748

What happened: The crypto exchange collapse FTX FTT/USD caused the top 10 cryptocurrencies by market capitalization to lose ground over the past seven days.

CoinMarketCaps top 10 coin list of meme saw dogecoin DOGO/USD suffered the biggest losses, falling 8.7% to $0.07, while Polygon MATIC/USD it fell 8% to $0.80.

us stocks Friday early. The Dow Jones Industrial Average rose 0.6%, the S&P 500 index rose 0.5% and the Nasdaq Composite Index increased only 0.1%.

See more: Best Crypto Apps

embattled crypto exchange FTX called on his peers to help track down the hacker who stole an estimated $600 million from the Bahamas-based exchange and began moving the funds into other tokens. The hacker withheld address at least 228,523.83 Ether for Tuesday, making it the 35th largest Ethereal holder in the world.

On Sunday, after transferring some of the Ether to a new wallet, the hacker began exchanging the rest for renBTC, a token that represents Bitcoin on other blockchains.

cryptocurrency trader michael van depoppe He said a bear market rally is coming soon. “I can’t wait to start sharing charts and setting up profits as we are close to the bear market rally.”

Pseudonymous crypto analyst hood, who predicted this year’s Bitcoin crash, said it is likely headed for new bear market lows. He believes that the current rally is bound to trap the bulls, and a fall in Bitcoin to lower levels will occur any time soon.

In a Twitter post, he shared how BTC changed support at $17,600 to resistance. He predicted that Bitcoin would rally after reaching the capitulation target.

Read next: FTX CEO details plans to reshape global empire, calls on stakeholders to be ‘patient’