Cryptory.net - FTX is not the only company which wants to sell crypto, other venture capital funds are also under pressure to return money to their investors, putting altcoins at risk of sharp decline.
August proved to be a challenging month for the cryptocurrency market, with both Bitcoin (BTC) and various altcoins witnessing substantial declines from their peak in July.
A recent study indicates that Twitter bots, which promote cryptocurrencies, might have a more significant impact on artificially boosting altcoin prices than previously known.
With major institutional players submitting spot Bitcoin ETF applications amidst a surge in Bitcoin, several altcoins have been outperforming the top cryptocurrency in June.
