Binance has stopped acquiring the rival cryptocurrency platform FTX. This news caused a sharp drop in crypto money markets.
According to veri from Coinecko, kakım of 07.30, markets fell by 8.9 percent in the past 24 hours to $ 863 billion.
Bitcoin, the reserve currency of cryptocurrencies, fell 11.3% over the same period and is trading at $ 16,000 431. Bitcoin dropped to $ 15,663 overnight.
On the other hand, Bitcoin’s market dominance also dropped to 36.54%. Bitcoin last reached the $ 15,000 level in November 2020.
Ethereum has also been hit hard, like BTC. The price of ETH fell 11% to $ 1,176. Ethereum dropped to $ 1,877 overnight.
Ripple and Dogecoin were also among the declining cryptocurrencies. XRP fell 9.6% to 35.6 cents, while DOGE fell 6.8% to 8.1 cents.
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