As the Binance-FTX deal fails, the price of bitcoin drops below $16,000.
As the Binance-FTX deal fails, the price of bitcoin drops below $16,000.
On Thursday, the cryptocurrency market as a whole collapsed when big exchange Binance withdrew a bailout offer for struggling rival FTX, casting uncertainty on the survival of the latter and deflating mood, sending Bitcoin to a fresh two-year low. The biggest cryptocurrency in the world lost over 10% of its value, reaching a low of $15,603.3, its lowest point since mid-2020. By 21:52 ET (02:52…
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