FTX Agrees to Sell Itself to Rival Binance Amid Liquidity Scare at Crypto Exchange

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FTT Down 30% on Tuesday, Falling to 21-Month Low – Market Updates Bitcoin News

FTX token continued a recent sell-off on Tuesday, as prices slipped to their lowest level since February 2021. The decline comes as traders liquidated their positions, following recent tweets from Binance CEO Changpeng Zhao. CZ initially stated that the exchange would liquidate all its FTT, however he has now confirmed that Binance will be fully taking over its competitor, FTX. FTX Token (FTT) FTX token (FTT) fell to its lowest level in 21-months on Tuesday, as traders continued to liquidate their positions. The decline began after tweets from Binance CEO…

Bitcoin price swings to over $20K as Binance helps FTX ‘liquidity crunch’

Bitcoin (BTC) saw major volatility after the Nov. 8 Wall Street open as turmoil over crypto exchange FTX punished markets further. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance hints at plan to buy FTX Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $19,244 on Bitstamp, marking the pair’s lowest levels in two weeks and 24-hour losses of nearly 7%. FTX remained the main topic in the industry, despite the United States midterm elections getting underway and Nov. 10 due to deliver fresh inflation data. “Event of the week was…

Binance CEO announces intent to acquire FTX to ‘help cover the liquidity crunch’

Following Binance CEO Changpeng Zhao’s announcement that the company would liquidate its position in FTX Token (FTT), FTX CEO Sam Bankman-Fried, also known as ‘SBF,’ took to social media seemingly in an effort to quell rumors of conflict between the major crypto exchanges. According to a Nov. 8 Twitter thread from Bankman-Fried, FTX has “come to an agreement on a strategic transaction” with Binance following attempts to clear out its withdrawal backlog. SBF said he had asked Binance to step in, aiming to “clear out liquidity crunches” and cover assets…

Crypto Mining Results after 1 Month #crypto #mining #eth #investor

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Supply Reaches All-Time High HODLing Levels

Data shows the Bitcoin supply has now reached all-time high HODLing levels, a sign that could be bullish for the price of the crypto. Bitcoin HODLed Or Lost Coins Metric Has Hit A New ATH As per the latest weekly report from Glassnode, investors have been showing some aggressive accumulation behavior recently. There are a couple of relevant indicators here. The first is the “HODLed or Lost Coins,” which measures the total number of coins that have been sitting dormant on the blockchain. Such coins either belong to the HODLers,…

3 Top Altcoins That Defy The Market Retracement- REEF, LINK, VET

 LINK’s price holds strong as price eyes a rally to $12 after breaking out of its long-range accumulation zone.  REEF’s price continues to trend above key support as price broke out of its downtrend with eyes set for $0.01.  VET’s price remains strong, holding key support on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA). Previous weeks saw the price of most altcoins trend higher this has put these 3 top altcoins in the spotlight, considering how the crypto market has been fairing after…