continued Cryptocurrenciesled by “Bitcoin”, its decline during trading on Wednesday, with its investors continuing to fear that some pillars of the sector are close to collapse, while the market is still waiting for strict rules to regulate them.
Big lost cryptocurrency more expensive And a market cap of more than 12% of its value, having traded below $ 17,000 per unit, in the cryptocurrency’s most famous moment of weakness since November 2020.
Cryptocurrency losses were exacerbated on Wednesday when doubts emerged that theBinance “BinanceThe largest cryptocurrency exchange in the world will indeed continue plans announced the day before to acquire smaller rival FTX, after the latter is close to faltering.
Cryptocurrency news site CoinDesk, citing an unnamed source, reported that the odds of Binance pursuing the deal are very slim, which has led to more cryptocurrency sales, after Tuesday’s losses linked to FTX news. “.
According to Bloomberg, the collapse of “FTX” has attracted the attention of regulators in America and currently the SEC and CFTC are investigating whether “FTX” has managed client funds properly. .
Three quarters of the lost value
Digital assets have lost more than three-quarters of their value, after reaching all-time highs last year.
The price of “Bitcoin” approached $ 69,000 per unit in November last year, but the Federal Reserve hiked interest rates by 375 basis points this year and increased industry risks, which caused strong grips. of profit, which made many lose faith in them.
Currency “Ether”, the second most popular cryptocurrency, also fell 20% during trading on Wednesday, reaching $ 1,178, and the magnitude of its loss in value reached over 75%, despite the introduction of renewals. on its trading platforms about two months ago.
Most cryptocurrencies also fell Wednesday, fueling fears of an industry that many see as not yet regulated and that regulators in America are preparing to introduce strict rules to control it soon.
