Crypto Review November 8: FTX, Binance and Inflation

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 price increase in October. It is striking that inflation is lower this month.

Axel will also talk about FTX and Binance. The war between the two stock market giants has been going on for about 24 hours and developments follow each other abruptly.

FTT drops 25%

In May, the cryptocurrency market collapsed after Terra Luna screwed up and took several cryptocurrency companies with it. There is now a major fear in the market that US cryptocurrency exchange FTX could suffer a similar fate after its battle with Binance.

Ever since Binance announced that its exchange will sell its massive pile of FTT tokens, the price of the token has been under tremendous pressure. Today, the share price has fallen 25%.

However, as the FTT token is a major pillar on cryptocurrency exchange Sam Bankman-Fried’s balance sheet, there are fears that FTX is on the brink of collapse. Bankman-Fried calls the rumors that his cryptocurrency exchange FTX does not have enough money to be groundless.

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