Bitcoin Prices Fall To Roughly 2-Year Low As Crypto Market Suffers Widespread Losses

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Bitcoin prices declined to their lowest in approximately two years today as many digital currencies experienced notable declines. These widespread losses took place as Binance's potential acquisition of FTX continued to dominate headlines.

this development on Twitter, stating that “This afternoon, FTX asked for our help. There is a significant liquidity crunch.”

“To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch,” he continued. “We will be conducting a full DD in the coming days,” he stated, referring to due diligence.on Twitter, in which he emphasized that the circumstances had “severely shaken” the confidence of users.

While CoinDesk reached out to both Binance and FTX regarding the matter, neither organization provided any comment. Further, CZ’s Twitter account had not provided any statement on the aforementioned CoinDesk article at the time of this writing.

 

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happypeoplebaby waiting to see how low it go.

everyone saw this coming.. and guess what else we see.. wait for it

Ya hate to see it.😂

Biggest joke ever. I’ve lost hundreds of dollars on crypto. I kinda feel like it was a fad that has passed. Hopefully it goes back up so I can be up again.

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