Bitcoin and most alts kept plunging yesterday and charted new yearly lows.
Bitcoin, and the entire market for that matter, has seen better days as the asset plummeted to multi-year lows of $15,500.
As everything seemed bright, Binance decided to outline plans to dispose of its entire FTT stash due to some irregularities with the balance sheets of FTX and Alameda. to $17,000 before dumping to $15,500 on Bitstamp yesterday. This became its new lowest price tag since the end of November 2020.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Despite recovering more than $1,000 since then, BTC is still well in the red, being 6.5% down on the day. Its market cap has retraced to $320 billion, and its dominance over the alts sits at 38.4%.
Binance Coin is another massive loser from the ongoing mess. BNB skyrocketed to $400 after reports that Binance will acquire FTX, but it slumped shortly after. Thefrom Binance that they will not purchase the SBF-led exchange further pushed BNB south to its current level.
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