Post a Comment Print Share on Facebook

More than 17 percent loss – Bitcoin falls to two-year low

Bitcoin lost significant value on Tuesday.

- 5 reads.

More than 17 percent loss – Bitcoin falls to two-year low

Bitcoin lost significant value on Tuesday. The largest internet currency by market volume temporarily collapsed by more than 17 percent on the Bitstamp trading platform to its lowest level since November 2020. Bitcoin was last listed eleven percent lower at 18,309 US dollars.

A mega-takeover is looming in the crypto industry, with the world’s largest digital currency exchange, Binance, looking to take over most of rival FTX’s business. “This afternoon FTX asked for our help. There is a significant liquidity squeeze,” Binance CEO Changpeng Zhao tweeted on Tuesday. After Zhao himself sowed doubts about FTX's cash reserves with a tweet on Sunday, enormous funds were withdrawn from the trading platform in the past few days.

Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Warning! Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.