The fall of FTX is having a dramatic effect on investors across the entire cryptocurrency market, as BTC and altcoins continue to hit new yearly lows.
Crypto markets fell for a second day as investors continued to suffer as a result of FTX’s liquidity issues.
A virtual currency based on an electronic peer-to-peer network. In other words, a currency established on an electronic network.
Binance might withdraw its offer to buy FTX after a closer look at the exchange’s books, according to unnamed, unconfirmed sources. The price fell to a new yearly low of $16,800.
Solana’s decentralized finance markets are experiencing a wave of successive liquidations. This has the potential to have an impact on the market. Earlier in the day, cryptocurrency exchange Crypto.com emailed its users to notify them that all Solana-
deposits had been halted
On the Crypto.com website, a notice said:
“Please be informed that Crypto.com App and Exchange have halted deposits and withdrawals of the Solana Blockchain USDC and USDCT.”
At the time of writing, Solana’s native SOL was priced at Sol
SOL is a computer programming language used to create UNIX-like operating systems.
$13 coin is down 34%, worth $16.10 in real life $1.72 FTX tokens
Coinglass data shows $832 million in total liquidations over the past 24 hours, and many traders expect the figure to rise.