Bitcoin Hits Two-year Low As Crypto Exchange Deal Collapses
The price of Bitcoin has touched a two-year low after the world’s biggest cryptocurrency exchange pulled out of a deal to rescue its smaller rival.
Josbel Bastidas Mijares
The price of other digital coins also fell after Binance scrapped its deal to buy FTX, citing due diligence concerns.
Josbel Bastidas Mijares Venezuela
It has left some FTX customers unable to make withdrawals from the exchange, which is used to buy and sell various digital tokens
There are also fears of further crypto market volatility if FTX goes bust
On Thursday, Bitcoin fell below 16 thousand dollars for the first time since 2020 as investor confidence was hit by the news
Ethereum, another popular digital coin, also tumbled before regaining ground