In a current flip of occasions, Binance backed out of FTX’s acquisition deal. The meltdown of FTX and Alameda Analysis has despatched shockwaves throughout the trade. In line with CoinMarketCap’s data, the worth decline wiped away greater than $100 billion in worth from crypto property.
Because the crypto market stays risky, these high cryptocurrencies have taken a big hit.
In line with worth monitoring platform CoinMarketCap, SOL is presently buying and selling at $15.13, down from $22.5 within the earlier 24 hours. Solana has plummeted 28.83% in sooner or later. Trades are afraid of a possible Solana dump.
As of this writing, the BTC worth stands at $16,255, down from $18,366—a 11.30% drop within the final 24 hours—in keeping with worth monitoring platform CoinMarketCap.
In line with worth monitoring platform CoinMarketCap, ETH is presently buying and selling at $1,162, down from $1244, a 11.12% drop within the final 24 hours.
The meme cryptocurrency, DOGE, plummeted almost 7% amid the crash. As of this writing, DOGE is buying and selling at $0.07996, down from $0.08388 within the final 24 hours, in keeping with worth monitoring platform CoinMarketCap.
BNB, the native cryptocurrencies of Binace, additionally suffered vastly amid the information of FTX acqusition and later backing out of the identical. In line with worth monitoring platform CoinMarketCap, BNB is presently buying and selling at $283.44, down from $314, a 9.90% drop within the final 24 hours.
Additionally Learn: JPMorgan: Crypto Market Facing A Cascade of Margin Calls, More Bloodbath Ahead?
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