Bitcoin Comes Dangerously Close to Crashing Below $17,000

The price of Bitcoin crashed to a new yearly low of $17,114 on the Bitstamp exchange before paring some losses. 

Image by

The largest cryptocurrency is now down as much as 15.7% over the last 24 hours.    

The cryptocurrency market has been hit extremely hard by the FTX drama. As reported by U.Today, Binance agreed to acquire its arch-rival earlier today after it turned out that the exchange was secretly insolvent.   

Cardano founder Charles Hoskinson has reacted to the most recent market crash in a recent tweet, joking that the ADA token was “very Zen.” However, the ADA token is down 14.3%

In the meantime, the FTX (FTT) token has crashed by as much as 80% over the last 24 hours alone. 

More than $854 million worth of crypto has been liquidated over the past 24 hours. 

Sourced from

Written by Alex Dovbnya on 2031-10-21 09:38:07.

Leave a Reply
Previous Post

Andreessen Horowitz General Counsel Does Not Think Ripple Can Win

Next Post

Is blockchain technology ready for high-storage applications?

Related Posts