FTX's native cryptocurrency is among the poorest performers today, following the recent drama with Binance.
This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Its market capitalization has gone to $380 billion, down by $20 billion daily, and its dominance over the alts is at 38.6%.Changpeng Zhao’s decision to liquidate Binance’s entire stash of FTT tokens yesterday, as the executive had some issues with some recent information regarding the SBF-led exchange.
It seems as this has impacted the entire market as red dominates the scene. Ethereum is down by 5% in a day and trades under $1,500. Cardano, MATIC, Polkadot, Tron, and OKB have declined by up to 5%. More losses are evident from the likes of Ripple, Dogecoin, Solana, Shiba Inu, Avalanche, and others. As such, it’s no wonder that the cumulative market cap of all crypto assets has shed $70 billion in a day and is down below $1 trillion.
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