The global crypto market has faced a decline in value as the influx of capital lowered. The recent changes for Bitcoin, Ethereum, and others show a dominant trend of losses. The changes in the market became evident over the recent hours as the market began to lower gains. Fluctuations in the market have remained usual as the market hasn’t been able to retain the positive momentum. The market is expected to turn bullish soon as the alternation of positive and negative trends continues.

The US trustee has asked the bankruptcy court to appoint an FTX trustee. A US government lawyer has requested the Delaware court to appoint an independent investigator in the ongoing bankruptcy court. The examiner will look into the details of the matter to find possible discrepancies. In a 1 December court filing, the US trustee has cited an unprecedented decline in value as well as comments from FTX CEO John Ray III as the reasons to appoint an independent examiner.

FTX Digital Markets has also applied for bankruptcy in the Bahamas. The Bahamian government has indicated that they don’t intend to move with the process to impact the whole stuff. FTX filed for bankruptcy on 11 November which has exposed a chaotic corporate world. Furthermore, the ex-CEO of the company SBF has made several media appearances.

Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum, and others.

BTC turns recessive

Bitcoin revenue has continued to lower in the…