Bitcoin Prices Drop to Two-Year Low on FTX-Binance Deal Concerns

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Bitcoin Prices Drop to Two-Year Low on FTX-Binance Deal Concerns

Yahoo Finance2022-11-09

Bitcoin prices dropped to a two-year low Wednesday morning as investors continue to grapple with an emergency deal struck between two of crypto's largest exchanges, Binance and FTX.Bitcoin hit $17,415...

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Alvin1975
·2022-11-10
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- Alvin1975:
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  2022-11-10
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Anni001
·2022-11-09
Haizzz
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YK Lim
·2022-11-09
unregulated has its dark side too
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- cutemiao:
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  2022-11-10
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candyysk
·2022-11-09
Ok
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T202311701
·2022-11-09
O
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- Footixx:
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  2022-11-09
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It's down 10.8% in the last 24 hours, trading above $17,655.The decline comes as the unexpected deal — far from set in stone in a non-binding letter of intent — raised fears among investors and analysts that FTX's troubles could spread through the crypto universe.“FTX’s leader Sam Bankman-Fried was the white knight who has been saving companies throughout most of this crypto winter,\" Edward Moya, senior market analyst at Oanda, told Yahoo Finance on Tuesday. \"Seeing one of the major players wave the white flag is making a lot of people nervous that more pain could come.\"Other cryptocurrencies also plunged.The second largest cryptocurrency, ether (ETH-USD) sold off by 17% over the past day from $1,448 to $1,164. FTX's exchange token FTT, fell by as much as 71% on the day from $17 to $3. 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