Business News Asia
The price of Bitcoin and Ethereum fell today after Binance, the world’s largest cryptocurrency trading firm, acquired cryptocurrency trading platform FTX. The move reflects the turmoil that has occurred in the digital asset industry.
The price of Bitcoin, the largest cryptocurrency by market capitalization, fell 3.8% today (Nov. 9) after falling nearly 10% yesterday, with the Bitcoin price hovering around $18,120. The prices of Ether, Polkadot, Solana, and Dogecoin also fell.
Binance’s CEO shocked the crypto market yesterday with the announcement that: Binance reaches an agreement to acquire FTX
In addition, Binance will conduct a review of FTX’s business in the coming days, and the company has the right to withdraw from the agreement at any time.