Bitcoin Price and Ethereum Prediction, FTT Drops 90% Over FTX Bankruptcy & Hack
Bitcoin is down nearly 1.5% to $16,800 as a result of the FTX bankruptcy, which has caused market chaos and risk-off sentiment. Ethereum, the second most valuable cryptocurrency, on the other hand, has gained over 1.5% to trade at $1,264.
Major cryptocurrencies were trading in the negative early on November 13, as the global crypto market cap fell 2% on the previous day to $855 billion. Over the last 24 hours, total crypto market volume fell 33% to $96.72 billion.
The overall volume in DeFi was $4.46 billion, accounting for 4.5 of the total 24-hour volume in the crypto market. The overall volume of all stablecoins was $91.30 billion, accounting for 94.40 percent of the total 24-hour volume of the crypto market.
Let's take a look at the top altcoin gainers and losers over the last 24 hours.
Three of the top 100 coins that have gained value in the last 24 hours are Chain (XCN), GMX (GMX), and Bitcoin SV (BSV). The XCN recovered more than 6% to $36.23, the GMX gained more than 6% to $36.20, and the BSV gained nearly 3.5%.
FTX Token (FTT) has lost more than 30% of its value in the last 24 hours and over 90% in seven days to trade at $2.26. ImmutableX (IMX) and Maker (MKR) are down over 13% to $0.4108 and $709, respectively.
The current FTX Token price is $2.35, and the 24-hour trading volume is $617 million. In the last 24 hours, FTX Token has dropped 30%. With a live market cap of $312 million, CoinMarketCap now ranks #92. There are 133,025,776 FTT coins in circulation, with a maximum supply of 352,170,015 FTT coins.
After an unprecedented week of corporate drama that rocked crypto markets, sent shock waves through an industry fighting for mainstream credibility, and prompted government investigations that could lead to more
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