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Bitcoin losses continue after Binance quits FTX deal

10.11.2022
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Crypto markets continued to fall Wednesday, with news that Binance won’t buy FTX, fueling additional declines as U.S. equities markets closed.

The day’s losses have been fueled by growing — and now confirmed — concerns that Binance would back out of the deal.

Bitcoin fell as low as $16,077, according to TradingView data. At 4:05 p.m. ET, bitcoin was trading hands at $16,120.

BTCUSD Chart by TradingView

The price of Solana, down more than 45% in the past day, fell to $13.05 as of 4:07 p.m. ET.

SOLUSD Chart by TradingView

Other major crypto assets, including BNB and DOGE, have fallen sharply amid the events of the past day, according to CoinGecko data.

   

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10.11.2022
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