Cryptocurrency News

Why is the crypto market down today?


Why is the crypto market down today?

 

BTC/USD
-10.41%

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ETH/USD
-19.33%

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BNB/BRL
-6.70%

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SOL/USD
-36.80%

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Crypto prices are falling across the board on Nov. 8 as potential contagion from the FTX and Alameda controversy impact the entire crypto market.

Earlier in the day, Bitcoin (BTC), Binance coin (BNB), Ethereum (ETH), FTX token (FTT) and Solana (SOL) had seen sharp rebounds after news that Binance would acquire FTX, but the bounce was short-lived.

Cryptocurrency market performance, daily timeframe: Coin360

Source

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