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%
Share this:
Related
More Stories
Slight Bitcoin Bullishness Continues Despite Market Cap Drop
The total cryptocurrency market capitalization dropped by 5% between Nov. 14 and Nov. 21, reaching a notable $795 billion. -However,...
Ethereum to fuel bullrun to $2,000 in coming weeks
- Ethereum's performance last week outperformed Bitcoin's by three times on the weekly chart. - Experts believe that Ethereum's burning...
JPMorgan’s Recent Experiment Proves Crypto is Here to Stay!
Ethereum was created in 2013, laying the foundation for cryptocurrency to take the largest step in its evolution since the...
tWhy Bitcoin and Ethereum Investors Are Losing Money
- Investors in Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies are losing money at a historic pace - The news...
“Bitcoin is Dead” – Mainstream Media 466 Times
The mainstream media has been publishing articles blaming crypto for the collapse of the FTX exchange and Sam Bankman-Fried's crypto...
Bitcoin hits highest in nearly a month, eyes inflation data
Cryptocurrencies have been battered This year due to increased inflation rates and The collapse of key projects -The Ethereum Network...
