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Bitcoin drops 13%, FTX token cut by more than half in broad crypto selloff

Bitcoin drops 13%, FTX token cut by more than half in broad crypto selloff

The cryptocurrency market tumbled on Tuesday after the two biggest crypto exchanges in the world, Binance and FTX, came to a merger agreement to fix the latest “liquidity crunch.”

Bitcoin was last lower by 13% and trading at $18,064.00, according to Coin Metrics. Earlier in the afternoon it fell to $17,300.80, its lowest level since November 2020. Ether was last lower by 16% at $1,334.98. It fell as low as $1,228.89 earlier.

Smaller crypto…


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