
Crypto Daily: FTX crisis causes a massive crypto market slump
BTC fell by more than 8% in the last 24 hours, ETH lost 11%, SOL is down by 19%, ADA dropped by 5%, DOGE and SHIB lost 15% and 8% respectively.
- Nov 09, 2022
- 08:11
- 2 min reading
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BTC fell by more than 8% in the last 24 hours, ETH lost 11%, SOL is down by 19%, ADA dropped by 5%, DOGE and SHIB lost 15% and 8% respectively.
The main reason for such focus is money laundering and terrorist funding with cryptocurrencies. India is in hard-line stance.
Changpeng Zhao posted on Twitter that the company would sell the remaining FTT tokens on its balance sheet due to “recent revelations.”
A development shows VC funds reluctance to deploy capital into the digital-asset space, prolonging the current crypto winter.
Bitcoin reacted to the downside and traded below the $20,400 level after the Fed rate hike of 0.75 bps.
The world’s largest publicly traded corporate Bitcoin owner continues to grow its BTC portfolio despite the market slump.
Speculators are hoping that Elon Musk integrates DOGE as a payment method for Twitter.
Ethereum has been one of the most consistent gainers for over 10 days now, surging more than 25%.
Binance CEO Changpeng Zhao had announced that the exchange is backing the acquisition of Twitter by Elon Musk.