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Bitcoin price has fallen more than 5% in the last 24 hours
the price of Bitcoin It has broken below the psychologically important $20,000 level again.
The world’s largest cryptocurrency hit an intraday low of $19,559 at 4:20 UTC on the Bitstamp exchange.
According to cryptocurrency data platform Coinglass, $112.83 million worth of crypto assets have been liquidated in the past hour alone. Long positions accounted for 94.94% of the wiped out positions.
The recent decline is likely a result of the cryptocurrency contagion caused by the uncertainty of cryptocurrency giant FTX in light of its recent clash with Binance.
FTT plunges 14% in an hourThe exchange token has seen a staggering 25.64% drop over the past day.
According to blockchain analytics platform PeckShield, $284 million worth of cryptocurrency was withdrawn from whales on the FTX exchange.
As reported by U.Today, Binance CEO Changpeng Zhao has shocked the market by announcing that the company has decided to sell all of its FTT tokens. This comes amid rumors that Alameda Research, a company closely associated with FTX, is in financial trouble.
But Bankman-Fried, in an attempt to quell the hoax, said the company’s assets were “no problem.”
At the same time, Binance CEO Changpeng Zhao said: I wasn’t trying to fight FTX.
