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Home»Finance»How major crypto tokens are reacting after Binance’s intent to acquire FTX
Finance

How major crypto tokens are reacting after Binance’s intent to acquire FTX

November 9, 2022No Comments2 Mins Read
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How major crypto tokens are reacting after Binance's intent to acquire FTX
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Most crypto costs jumped Tuesday on information that Binance, the biggest crypto change on this planet, has signed a letter of intent to accumulate rival FTX, however costs are nonetheless largely decrease than on Monday.

Sam Bankman-Fried, chief government and founding father of FTX Sam Bankman-Fried tweeted on Tuesday that the change has entered right into a strategic transaction with Binance, pending due diligence.

Right here is how crypto costs are doing after the information was announed, in keeping with CoinDesk information:

Bitcoin
BTCUSD,
-11.17%
: The value was round $19,350 earlier than the announcement. The Bitcoin value jumped to $20,590 in lower than an hour after the announcement. At present, the worth is at $18,083. This marks a -13.64% change over the previous 24 hours.

Ethereum
ETHE,
-14.27%
: Value of Ethereum was round $1,438 earlier than the announcement, and peaked at $1,562 below an hour after. At present, the worth is at $1,289, a change of -19.54% over the previous 24 hours.

Binance Coin: The Binance Coin value was round $322 earlier than the announcement, and peaked at $385 below an hour later. The present value is $316, a change of -7.86%.

Solana: The value of Solana earlier than the announcement was round $27.69, and peaked at 31.29 shortly after the announcement. At present, the worth is at $23.97, a change of -25.78% over the previous 24 hours.

FTT: The value of FTT earlier than the announcement was $14.98 earlier than the information broke of the FTX acquisition. Shortly after, it surged to $19.33. FTT is at present buying and selling at $4.50, in keeping with CoinMarketCap information.

Dogecoin
DOGEUSD,
-22.79%
: The value of Dogecoin went from 0.099 to 0.1088 after the announcement. The value is at present 0.088, a -24.55% change over the previous 24 hours.

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