A torrid day in the cryptocurrency market was brought to an earth-shattering halt as Sam Bankman-Fried agreed to sell FTX to CZ’s Binance.
Things had taken a dark turn as it looked increasingly like Sam Bankman-Fried’s FTX exchange would be going to the wall in what looked like an implosion every bit as shocking and damaging as the Luna melt down.
The price of $FTT, the FTX exchange token, after breaking the important $22 support, had reached a huge buy wall at $14 dollars, and it only looked to be a matter of time before the price broke through and continued downward.
All seemed lost. The whole crypto market was deep in the red and Bitcoin was leading the way down, getting as far as $19,200. However, out of the blue the market turned in spectacular fashion, and within an hour and a half Bitcoin was touching $20,700.
CZ, CEO of Binance, tweeted the news that Sam Bankman-Fried had agreed to sell him the FTX exchange once all due diligence had been completed over the coming days.
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We współpracy z: https://cryptodaily.co.uk/2022/11/cz-stops-crypto-market-meltdown-by-buying-ftx
