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Cryptocurrencies

“Bitcoin tumbles to its lowest in nearly 2 years; Solana drops another 30%”

“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…”

https://www.cnbc.com/2022/11/09/cryptocurrencies-pressured-as-investors-digest-ftx-fallout-solana-loses-another-20percent.html

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