A state of panic dominated the cryptocurrency market, and various cryptocurrencies fell strongly during trading today, Tuesday, amid concerns about the stability of the industry, especially after the decision of the Binance platform, which is one of the largest cryptocurrency trading platforms globally, to gradually sell all its FTT assets.
Binance has announced that it has decided to sell $530 million worth of FTT, the original token of Sam Bankman-Fried’s FTX, and the transaction has fueled market fears that a major cryptocurrency exchange is at risk of bankruptcy.
During trading, Bitcoin fell by more than 6% to reach $19,370, its lowest level in two weeks. Also, the price of digital currencies such as Solana, which has a strong correlation with FTX, decreased, as Solana fell by 11.31% and recorded about 28.07 only $ 28.07, and it ranks eleventh in the ranking of the most famous digital currencies in terms of market value.
