But after a few minutes, the descent began again, which turned into a full-blown collapse within a few hours. Yesterday, however, at some point the price of FTT dropped below $22, leading to the assumption that there were problems.Īs soon as it became known that withdrawals on FTX were temporarily suspended the price dropped to $14.6 within hours.Īt that point, Binance stepped in to help FTX, and the price was back above $19. Until the day before yesterday, its price had remained around $22, which is the price at which Alameda Research had pledged to buy any FTT tokens that might be sold by Binance. This situation has caused a real collapse in the price of FTT, which is the token of FTX. Queue is decreasing and getting back to more reasonable levels nodes and banks catching up Indeed, at one point it had emerged that they had even been suspended, albeit only temporarily, while an official statement later made it known that the queue of outstanding withdrawals was dwindling.Ī: we want to thank our team for working tirelessly to process the backlog of withdrawals. įTX is one of the world’s largest crypto exchanges, and yesterday it had problems with withdrawals. The bear market: will the crypto slump be prolonged?īy far the main cause was the fear of a collapse of FTX.Tron (TRX): the most resilient altcoin of the moment.
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