The depreciation is due to news that major cryptocurrency exchange FTX has filed for bankruptcy.
The exchange rate of the world’s most popular cryptocurrency, Bitcoin, has fallen to its lowest level in the past two years. This is confirmed by data from the CoinDesk exchange on Friday, November 11.
At 18:20 Kyiv time, Bitcoin price fell by almost 5% and traded at $16,687. At the same time, the minimum price of the cryptocurrency in the last 24 hours was $16,351, and the maximum was $18,125.
The amount of capitalization of the Bitcoin market is at the level of 320 billion dollars.
Ether (Ethereum) fell by 4.5% to $1255.8, Binance Coin – by 6.2% to $285.11.
Today’s drop in cryptocurrency rates is due to the news that major cryptocurrency exchange FTX has filed for bankruptcy under Article 11 of the US Bankruptcy Code. This also applies to 130 affiliated companies. The company’s chief executive officer (CEO), Sam Bankman-Fried, has stepped down.
Earlier it became known that Elon Musk’s Tesla sold 75% of its bitcoins for $936 million. The founder of the company explained why he took such a step.
Finnish customs sold confiscated bitcoins for 46 million euros
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.