Written by
Kasper Kaminsky
Published on
November 22, 2022
Time reading
1 minute
The whole drama with the malpracticing FTX platform ensuring a deeper dive for cyclical crypto price crash happening earlier brings more.
Apparently, the Bitcoin and other alt coins alike are dropping down slightly more now.
Bitcoin was last lower by 4% to trade around $15,725.02, according to Coin Metrics. Earlier in the day it fell as low as $15,586.94, its lowest level since Nov. 10. Ether
fell 8% to $1,081.56.
The cryptocurrency market has come under pressure over the last two weeks as problems at major exchange FTX came to light.
From Nov. 6 — the day Binance CEO Changpeng Zhao said his exchange would liquidate its FTT tokens — the crypto market has lost more than $260 billion of value.
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