The anticipated crypto crash is happening. The cryptocurrency market fell by an average of 4% in the past 24 hours. This red day came right after the company FTX became in hot waters as rumors are circulating about its insolvency. FTX token crashed by more than 20%, crashing the entire crypto market. Here are the latest crypto prices during this crypto crash.
FTX News: What happened to FTX crypto?
FTX is a crypto exchange that rose to fame thanks to its highly leveraged crypto products and easy-to-use platform. Recently, there were many allegations that FTX was insolvent. The company has been investing in and buying bankrupt crypto companies.
The FTX token lost more than 20% in the past 24 hours alone. Consequently, FTX being one of the big crypto exchanges and investment firms, dragged the entire crypto market along.
Crypto Crash: Bitcoin Price, Ether Price, Dogecoin Price Updates
Bitcoin price lost more than 4% in the past 24 hours. Its prices breached the important price of $20,000 again, reaching the current price of around $19,700. The market cap of Bitcoin dropped to $378.6 billion, while the entire crypto market cap fell below $1 trillion.
Since the previous day, the price of Ether dropped by more than 5%. Once more, Ethereum prices broke the crucial $1,500 mark, reaching the present level of almost $1,480. Ethereum’s market worth decreased to $181.7 billion.
The cost of Dogecoin decreased by more than 10% from the day before. Its price reached the decisive price of 10 cents. The market value of Dogecoin plummeted to $13.4 billion. From a previous article, we did anticipate the 50% Fibonacci retracement to happen in case the overall market crashes.
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