24/7 Cryptocurrency News

Crypto Price Today: Crypto Market Sinks As Binance Acquires FTX

Crypto Price Today: The crypto market is showing extremely bearish sentiment as Binance acquires FTX due to a liquidity crisis.
Published by
Crypto Price Today: Crypto Market Sinks As Binance Acquires FTX

Crypto Price Today Latest Updates: The crypto market is facing extremely bearish conditions as the FTX crisis continues to unfold. Bitcoin prices fell by more than 8% in the last 24 hours. This brings BTC’s weekly loss to more than 10%. It is currently trading at Rs. 14,95,988.

Advertisement

How Are The Altcoins Performing

The altcoins are extremely bearing as the FTX crisis has erased all the gains from the market. Ethereum is even more bearish than Bitcoin as it fell by more than 11% in the last 24 hours. ETH has fallen by 17.5% in the last week and is currently trading at Rs. 1,07,071. It is facing the threat of plummeting below the $1.3K mark again.

Solana is one of the biggest losers of the crypto market. Experts believe that Solana is one of the cryptocurrencies that are the most affected by the FTX crisis. $SOL is down by 19.21% in the last 24 hours and by 31% in the last 7 days. It is currently trading at Rs. 1796 but the bearish sentiments will almost certainly plummet the prices more.

Cardano remains one of the most volatile crypto assets and has fallen by 5% in the last 24 hours. However, $ADA has surged by over 2% in the last hour. It is currently trading at Rs. 29.93.

Meme coins Dogecoin and Shiba Inu are also suffering from the Binance-FTX backdrop. $DOGE has fallen by 15% in the last day while $SHIB is down by 8%. However, both coins have shown some strength in the last hour. $DOGE surged by over 3% and is trading at Rs. 7.

Polygon fell below the $1 mark again as the crypto market plummeted. $MATIC fell by 13% in the last 24 hours and is trading at Rs. 80.

Advertisement

Why Is Crypto Price Down Today

The crypto market is struggling as Binance acquires its biggest competitor in FTX. Binance CEO CZ also revealed a liquidity crisis in the FTX balance sheet. The concerns about the insolvency of Alameda are also extremely high. The midterm elections in the US today and the CPI data will add to the volatility.

Advertisement

Share
Nidhish Shanker

Nidhish is a technology enthusiast, whose aim is to find elegant technical solutions to solve some of society's biggest issues. He is a firm believer of decentralization and wants to work on the mainstream adoption of Blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Cyber Hornet Seeks SEC Nod for S&P 500 and XRP ETF

Cyber Hornet has filed with the U.S. Securities and Exchange Commission (SEC) to launch a…

September 27, 2025
  • 24/7 Cryptocurrency News

Cathie Wood’s Ark Invest Eyes Stake in Tether as USDT Issuer Targets $500B Valuation

Tether Holdings is preparing for one of its biggest funding rounds, with two global investors…

September 26, 2025
  • 24/7 Cryptocurrency News

Kraken Secures $500M at $15B Valuation, Eyes IPO in 2026

Kraken raised $500 million, increasing its valuation to $15 billion, setting the stage for a…

September 26, 2025
  • 24/7 Cryptocurrency News

Bybit Lists Ripple’s RLUSD Following BlackRock and VanEck Integration

Crypto exchange Bybit has announced its listing of Ripple's RLUSD amid the stablecoin's growing adoption.…

September 26, 2025
  • 24/7 Cryptocurrency News

SWIFT Plans Stablecoin and On-Chain Messaging Pilot on Linea, Challenging Ripple

The world's largest interbank messaging network SWIFT has selected Ethereum layer 2 platform Linea to…

September 26, 2025
  • Bitcoin News

Breaking: U.S. PCE Inflation Rises To 2.7% YoY, Bitcoin Bounces

The August U.S. PCE inflation data has dropped in line with expectations, although it suggests…

September 26, 2025