Bitcoin falls below $18,000 after FTX plunge

While FTX is in poor condition, Bitcoin fell down 18,000 and reached its lowest level since 2020 this morning around $17,300.

When Changpeng Zhao announced yesterday that it wanted to acquire struggling rival FTX, the. Bitcoin pricebefore a brief rally, it has increased its autumn to finally fall low $18,000.

According to data provided by Messari, the price of the queen of cryptocurrencies has reached. $17,291 this morning, your lowest level since mid-November 2020.

BTC rates – source : Messari

At the time of publishing this article, the BTC Price has rebounded slightly and is trading at around $17,800down 9.4% in 24 hours and up 1.27% in one hour.

The Dolphin Ethereum sees its price fall further, losing almost 17% in 24 hours to $1233. Unlike Bitcoin, Ether however, it is still far from its lowest level reached in 2022 (around $1,000).

The rest of the market is in the red. DOGE, SUN, XRP respectively, fall in 13%, 28% y 12%. NBBthe Binance token, is more resistant and loses 6% for 24 hours.

CZ cryptocurrency exchange was positioning itself yesterday to buy FTX. The world’s second largest exchange, behind Binance, has had major problems in recent days following revelations and Binance’s decision to sell all of its FTT, the native token of FTX. Since then, the latter has lost more than 70% of its value to $4.69.

For Jeremy Allaire, CEO of Circle, the current crisis once again highlights the shortcomings of the cryptocurrency ecosystem that explain the fall of FTX.

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