The collapse of FTX, a global virtual asset (cryptocurrency) exchange, has caused the total virtual asset market capitalization to drop below $800 billion, reaching an all-time low in 2022.
On the 17th (local time), CoinDesk cited TradingView data and reported, “The recent market turmoil has reduced the overall market cap by about $183 billion. This is the lowest since January 2021.”
According to the data, on the 9th, when Binance CEO Changpeng Zhao signed a letter of intent (LOI) to acquire FTX, the virtual asset’s market cap dropped to $736 billion.
Meanwhile, Bitcoin (BTC) is trading between $15,000 and $17,000, down about 5% over the past seven days.
Reporter Jeong Hyo-rim Bloomingbit flgd7142@bloomingbit.io
