Price of FTT, Cryptocurrency Linked to Bankman-Fried, Jumps

Price of FTT, Cryptocurrency Linked to Bankman-Fried, Jumps

The cryptocurrency market is witnessing the return of one of its most disgraced members. 

FTT, the native token of bankrupt cryptocurrency exchange FTX, had been pretty much given up for dead. 

FTT prices, which had reached a record $84.18 on Sept. 9, 2021 had fallen to $0.827479 on Dec. 30, a drop of 99% according to data firm CoinGecko.

On Nov. 5, the day before the run on the bank that caused FTX to fall, FTT was trading around $24.01. The next day, the digital currency began to collapse before sinking.

Source link

Related post

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs

Bitcoin pro traders warm up the $24K level, suggesting…

On Feb. 1 and Feb 2. Bitcoin’s (BTC) price surpassed even the most bullish price projections after the U.S. Federal Reserve…
Troubled Crypto Miners Get Breathing Room as Bitcoin Rebounds

Troubled Crypto Miners Get Breathing Room as Bitcoin Rebounds

(Bloomberg) — Rising Bitcoin prices are buying some time for distressed crypto miners as they renegotiate debt with lenders to stay…
Financial Accounting Standards Board votes to release draft cryptocurrency in March

Financial Accounting Standards Board votes to release draft cryptocurrency…

The Financial Accounting Standards Board, in its Feb. 1 meeting, voted to advance its first standard on cryptocurrencies and digital assets.…

Leave a Reply

Your email address will not be published.