Crypto Market Falls Below $1 Trillion Overnight

Crypto Market Falls Below $1 Trillion Overnight, Bitcoin and Ethereum Plummet

-The price of Bitcoin and Ethereum has plummeted in the past 24 hours, with the total crypto market cap now sitting at $914 billion
-Ethereums price now sits at around $1,229, a 17% fall in the last 24 hours
-Bitcoin fared somewhat better, falling nearly 10% to $17,809
-Binances proposed purchase of FTX has likely been one of the driving factors behind these market moves
-On Sunday, Binance CEO Changpeng Zhao announced that he would begin selling the firms FTT holdings from an earlier equity position in FTX
-FTXs FTT tokens fell 75.4% to just $4.37 in the past 24 hours, for a total weekly collapse of -83.1%

bitcoin ethereum gID 2jpg@png Crypto Market Falls Below $1 Trillion Overnight, Bitcoin and Ethereum Plummet

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