How FTX Collapse Caused Crypto Market To Shed Over $100 Billion In 24 Hours

How FTX Collapse Caused Crypto Market To Shed Over $100 Billion In 24 Hours


Bitcoinist
2022-11-10 12:10:35

Major cryptocurrencies are down with some depreciating in value more than 10% in the past 24 hours. Just days earlier, Binance CEO Changpeng Zhao announced that FTX asked for help in dealing with the ongoing liquidity problem in the troubled exchange. This prompted a strong bearish response from the crypto market. Almost immediately after Binance