The cryptocurrency market continues to experience a massive downtrend. The global crypto market cap fell over 11% to $809 billion the previous day, sending major cryptocurrencies into the red on early November 10. Over the last 24 hours, the entire crypto market volume plummeted 11% to $189 billion.
Bitcoin dropped to nearly $16,010, while Ethereum was on the verge of a significant drop, trading just above $1,100….
Read More: Bitcoin Price and Ethereum Prediction, Binance Backs Out of FTX Rescue…
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FTX Token price prediction is bearish as FTT has plunged over 80% from $22 to $4. On Tuesday, Sam Bankman-Fried shocked the cryptocurrency community by announcing that Binance would acquire his exchange, FTX.
However, the purchase was revealed by FTX CEO Bankman-Fried in a tweet on Tuesday, and only hours before that, the drama was brewing in the background as the exchanges’ founders appeared to be arguing over Twitter….
Read More: FTX Token Price Prediction - Can FTX Recover as it Falls 70% in 24 Hours…
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As Binance pulls out of an FTX acquisition, Sam Bankman-Fried’s exchanges are facing regulatory scrutiny in the U.S….
Continue reading on https://decrypt.co/114050/sec-cftc-investigating-ftx-lending-structure-report
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Binance no longer wants to rescue FTX—and now FTT is in freefall….
Continue reading on https://decrypt.co/114064/ftx-token-ftt-heads-toward-zero-after-liquidity-crisis-botched-binance-deal
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Binance is pulling out of the deal to buy FTX. On Tuesday 8 November, Binance signed a letter of intention to acquire the failing crypto exchange, although at the time it said the agreement was subject to a due diligence process.
But as the contagion from the collapse of the FTX leads to a bloodbath in crypto asset prices, the quality of the FTX balance sheet and that of its sister company Alameda is likely to have deteriorated sharply….
Read More: Binance Backs Out of Buying FTX Crypto Exchange, Cites Mishandled Customer Funds and Regulator Investigations…
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After Binance announced its intent to acquire competitor FTX on Tuesday, the crypto exchange has called off the deal….
Continue reading on https://decrypt.co/114052/binance-cancels-plans-acquire-ftx
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As Binance mulls an FTX acquisition, Sam Bankman-Fried’s exchanges are facing regulatory scrutiny in the U.S….
Continue reading on https://decrypt.co/114050/sec-cftc-investigating-ftx-lending-structure-report
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Cardano price holds above $0.30 amid another 2022 crypto crash that followed the Binance and FTX drama.
Although the selloff initially affected FTX Token (FTT), which has since lost 75% of its value over the last 24 hours to trade at $4.43, mass withdrawals from the FTX exchange have hammered an already dilapidated cryptocurrency market….
Read More: Cardano Price Forecast – Bulls Keep ADA Above $0.30, Can Prices Rally Now?…
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With Bitcoin and Ethereum plummeting double-digits, the Binance chief said the move was to adjust to “recent price fluctuations.”…
Continue reading on https://decrypt.co/113982/binance-tops-emergency-fund-1b-amid-ftx-takeover
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The crypto markets have been in free fall over the past 24 hours following the revelation that FTX may be suffering from liquidity issues.In what has culminated in a possible acquisition of FTX Exchange by Binance, market participants still seem spooked by recent events as the deal is not yet set in stone….
Read More: Binance Coin Price Prediction – Can BNB Coin Become the Biggest Crypto?…
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