“Bitcoin tumbles to its lowest in nearly 2 years; Solana drops another 30%”
November 9, 2022
“Cryptocurrencies were under pressure for a second day Wednesday as the market digested the fallout of Binance’s planned bailout of FTX.
Bitcoin hit a new bear market low of $16,924.68, according to Coin Metrics. It was last down by 5%, while ether fell 10% to $1,152.34.
The Solana token continued its slide. It was last down 30%, after plunging 26.4% on Tuesday. Alameda Research, the trading firm owned by Sam Bankman-Fried, who also runs FTX, was a big and early backer of the Solana project…”