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 $16,027, according to TradingView data. At 4:20 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 $12.82 as of 4:20 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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Source: https://www.theblock.co/post/185018/bitcoin-losses-continue-after-binance-quits-ftx-deal?utm_source=rss&utm_medium=rss