Ethereum-based t<a href="https://dune.com/21shares_research/alameda-and-ftx-tracker">oken data on Dune Analytics</a>, shows the current state of wallet holdings held by FTX and Alameda.&nbsp;

Crypto prices sank on the news that FTX and more than 100 corporate entities affiliated with the firm are filing for bankruptcy.

The embattled FTX cryptocurrency exchange has filed for bankruptcy, according to a statement posted on its Twitter profile. The company says that its Chapter 11 bankruptcy filing is a necessary step to "move forward" and "maximize recovery for stakeholders."

JPMorgan’s team, led by Nikolaos Panigirtzoglou, predicted that the price of bitcoin could drop to $13,000 due to the turmoil following the FTX collapse.The cost to produce BTC has also fallen considerably, which could be another reason for the asset’s potential downfall.

El Salvador’s president Nayib Bukele made headlines last year when he announced that his country would be making Bitcoin legal tender.

Consumers in the U.S. can now trade and store Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) by using the Company's leading mobile app .

The top five traded coins were, respectively, Tether (↓0.02%), Dogecoin (↑12%), Bitcoin (↓0.05%), Ethereum (↑0.4%), and USD Coin (↓0.01%).

We also highlight how crypto lending and staking services provide a source of growth if you just want to ride out the winter by hodling.