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…