Cryptos attempt to steady as Binance-FTX deal chills market

0
2
Published by
Reuters UK

SINGAPORE (Reuters) – Cryptocurrencies were jittery and groping for a floor on Wednesday, after a sharp and broad drawdown when nerves about the stability of exchange FTX turned to a rush of withdrawals and ultimately a bailout deal from bigger rival Binance. Bitcoin, the biggest cryptocurrency by market value, was down 2% at $18,250, after a 10% plunge on Tuesday that marked its worst day since mid-August. Ether, the next largest, has lost nearly 18% since early Tuesday. The market focus was, however, on FTT, the token tied to FTX, whose financials have been the source of market angst since l…

Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.