What’s at stake for Sam Bankman-Fried’s long-awaited appeal?

💡 DMK Insight

So, the former FTX CEO’s potential for a new trial is a big deal for crypto traders. This situation could reignite volatility in the crypto markets, especially if it leads to any new revelations or shifts in sentiment around FTX’s collapse. Traders should keep an eye on how this news affects major cryptocurrencies like Bitcoin and Ethereum, which have been sensitive to regulatory news. If the trial brings new evidence or insights, we might see price swings that could offer trading opportunities. On the flip side, if the trial drags on without significant developments, it could lead to a sense of fatigue in the market. Watch for any spikes in trading volume or changes in sentiment indicators as the trial progresses. The key levels to monitor are the support and resistance zones around recent price movements in Bitcoin and Ethereum, as these could be tested again depending on the trial’s outcomes.