Bitcoin fell 15.12%, moving at $15,870.8.

Bitcoin, traded on the website at 5:23 a.m. on November 10, fell 15.12 percent, moving at $15,870.8.

Bitcoin price movement in the negative territory this morning is a sustained decline. while other cryptocurrencies also plunged Amid concerns about the liquidity crisis of FTX, a digital currency trading platform,

According to Coinmarketcap data, the cryptocurrency market cap sank more than 15% in 24 hours to $86 billion from $1.05 trillion previously.

Zhao Changpeng, CEO of Binance, the world’s largest cryptocurrency trading company. announced yesterday that the company managed to reach an agreement to acquire FTX, but the limit was not disclosed.

“FTX is experiencing serious liquidity problems. After FTX got Binance’s help, the two companies signed a non-binding letter of intent to acquire Binance. and help increase liquidity for the company,” Zhao said on Twitter.

However, Zhao said that Binance will conduct a review of the FTX business in the coming days. and the Company reserves the right to withdraw from the Agreement at any time.

Previously, cryptocurrencies generally plummeted. Amidst rumors of FTX’s bankruptcy, Zhao Changpeng, CEO of Binance’s rival FTX, announced that he would be selling more than $500 million worth of all FTX tokens, FTT.

The price of FTT fell nearly 20 percent to $17.73, the lowest level since 2021, after Zhao said he would sell all his holdings. because he received “Some information”

CoinDesk revealed the balance sheet of Alameda Research’s FTX subsidiary, which raised doubts about the transparency of FTT tokens and sparked a debate between Zhao. and Caroline Ellison, CEO of Alameda.

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