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A steep peak of the crypto market: Bitcoin collapsed to a minimum in 2 years, Ethereum is already below $1,200

Yesterday, the crypto market fell sharply, but it was far from the bottom: today, quotes again dropped significantly. As a result, for 1 BTC they now give less than $17,000 (minus 17% per week and almost 9% per day), and for 1 ETH – less than $1,200 (minus 22.5% per week and about 10.5% per day) .

Solana and Dogecoin lost the most. The first with a result of minus 43% per day flew out of the top 10 to 15th place, the second is still in the top ten, but it has minus 7% per day and minus 37% per week). In general, the market lost almost 8.5% during the day – this is a very serious drop.

A steep peak of the crypto market: Bitcoin collapsed to a minimum in 2 years, Ethereum is already below $1,200

These developments come amid Binance’s plans to buy FTX and investors’ concerns about the state of the market in general.

According to Reuters, Binance signed a non-binding agreement on Tuesday to buy FTX assets outside the US to help cover the competitor’s “liquidity crunch”. It is noted that the proposed deal between the exchanges followed a week-long speculation about the financial condition of FTX, which led to the fact that users withdrew 72 hours before the announcement of the deal $ 6 billion. This raised questions about FTX’s ability to pay. According to the agency, FTX and Binance do not disclose the terms of the agreement and the markets feel uncertain that the transaction will take place.

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Two Wheeler

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