Crypto Recap Nov 9: Binance Acquisition of FTX, Bitcoin at 2022 Lows

In this video, Axel discusses the latest developments in the cryptocurrency market. It does this by supporting reporting and technical analysis. This way you will be aware of the latest major crypto-related events within minutes. It’s time to check out the latest news.

In the video above, Axel informs you in a few minutes about more news and developments in the cryptocurrency market. This time he will talk about the race. Bitcoin is not doing well. Today, the market leader has reached an all-year low. This is likely due to current issues with the FTX. This brings us to the next topic.

There is a lot going on in the cryptocurrency market right now and it all seems to be related to FTX. Will the US stock market survive?

Problems with FTX

The collapse of FTX and its associated currency FTT became apparent when Binance CEO Changpeng “CZ” Zhao and FTX CEO Sam Bankman-Fried confirmed last night that Binance would acquire FTX. . FTX has insufficient liquidity (read: cash).

“Based on the most recent disclosures that have come to light, we have decided to settle any remaining taxes on financial transactions on our books,” CZ said on Sunday, without specifying what the disclosures were. This caused a huge crash, fear, chaos and above all a lot of news. In today’s video you can see what happened.

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