Crypto News Today Live Updates November and Latest News: (14 November 2022) The global digital asset market decline continues to decline due to the massive collapse of the FTX. The cumulative market cap has dropped by another 5.5% over the past day. It now stands at around $801 billion.
Traders are still in doubt over the increased uncertainty in the market. However, the 24 hour trading volume is up by 28% to stand at $64.1 billion. FTX token price has dropped by another 12% in the last 24 hours.
Crypto News Today Live Updates
Uncertainty Grows Over Crypto.com
Growing problems for another crypto exchange, Crypto.com, have worried the market participants.
Crypto.com saw a massive pullout by investors over the weekend as Company’s CEO, Kris Marszalek admitted to mishandling the $400 million transaction.
Crypto Market Recovers; Adds $40 Bln
The global crypto market recovered from the latest slump. The total market cap is up by over 1.5%. The market saw an inflow of $40 billion since the morning. It now stands at $841 billion.
Binance CEO "CZ" Announces Crypto Market Recovery Fund, Justin Sun Supports
Binance CEO “CZ” announces forming an industry recovery fund as the FTX crisis tanks the crypto market. The fund will help companies affected by the liquidity crisis.
Tron founder Justin Sun looks to support and participate in Binance CEO’s initiative to recover the market.
FTX Token Price Down by 12%
FTX token price has dropped by another 12% in the last 24 hours. FTX is trading at an average price of $1.63, at the press time. FTT holders were shocked by a potential $600 million hack amid the surging crisis.
Crypto Market Drops By 5%
The global digital asset market decline continues to decline due to the massive collapse of the FTX. The cumulative market cap has dropped by another 5.5% over the past day. It now stands at around $801 billion.
