📈 30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $20,715
Bitcoin reached as high as $21,450 over the weekend, before tumbling back down amidst issues surrounding FTX exchange, detailed below.
Top-20 altcoins have slid across the board over the last 24 hours, as Ethereum drops 3%, BNB falls 5% and Polygon is the sole outlier with an 8% advance.
Top Stories for November 7, 2022 🔥
Major crypto exchange FTX is fighting off rumors of insolvency, as Binance de-risks by dumping the exchange’s native FTT token.
The controversy has mostly arisen over FTX-affiiliated crypto fund Alameda Research, whose balance sheet revealed large exposure to illiquid assets, a large portion of which was FTT.
Stablecoins have been withdrawn en masse from FTX, as customer fears increase and other users experience limited and/or expensive withdrawals.
US authorities have seized 50,676 Bitcoins worth more than $1 billion at market prices, related to now-defunct darkweb marketplace, Silk Road.
The Bitcoins were found at an address in Georgia, along with a large sum of cash and precious metals. The address was connected to James Zhong, who hacked Silk Road’s withdrawal system.
Solana made several announcements over the weekend at Lisbon’s Breakpoint 2022 event – including a Google Cloud partnership, a smartphone and decentralized application (DApp) store.
Price gains from the announcement have been erased, however, as Solana finds itself in the crosshairs of FTX and Alameda Research insolvency rumors.