Bitcoin continues to fall below $16,000, hitting its lowest level in two years, while other cryptocurrencies. fall as well It was affected by the bankruptcy of FTX, the second largest cryptocurrency trading platform in the world.
Bitcoin continues to fall below $16,000, hitting its lowest level in two years, while other cryptocurrencies. fall as well It was affected by the bankruptcy of FTX, the second largest cryptocurrency trading platform in the world.
Bitcoin fell to $15,480 today. This is the lowest level since November 11, 2020.
Bitcoin surpassed $69,000 in November 2021. which is the highest level in history before falling below $20,000 in June 2022. amid concerns that the US Federal Reserve (Fed), accelerating interest rate hikes and reducing the size of its balance sheet, it will drag liquidity into the market. and force the US into a recession
The cryptocurrency market continues to come under pressure from the FTX crash, even though the two-week event has resulted in a loss of more than $1.4 trillion in cryptocurrency market capitalization since the beginning of this year While Zhao Changpeng is the CEO of Binance, the world’s largest cryptocurrency trading platform. Announcement of FTX’s FTT Token Sale on November 6th
FTX released a statement saying, The company has filed with the US courts under Section 11 for receivership in bankruptcy. Approximately 130 of FTX’s affiliates have filed for bankruptcy. These include Alameda Research and FTX.us.
FTX went bankrupt within days. from original assets of more than $30 billion Amid liquidity crises as customers flock to withdraw funds as Binance pulls out of deal
Investors remain concerned about the FTX crisis as they are unsure how the event will end. And which company will face the next bankruptcy?
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