The week’s rout in cryptocurrencies deepened, with Bitcoin tumbling to the lowest levels in two years, as Binance walked away from its planned takeover of FTX.com.
It reached a record high of almost $US69,000 a year ago. Just about every digital coin was struggling: Ether, Solana, Polkadot and Avalanche all dropped. “The market is now in full fear mode,” said Ilan Solot, co‑head of digital assets at Marex Solutions. “Everyone’s looking to see if there’s more dominoes and what else needs to be liquidated.”
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