{"id":17165,"date":"2022-12-02T16:35:25","date_gmt":"2022-12-02T15:35:25","guid":{"rendered":"https:\/\/dev.elkho-group.com\/?p=17165"},"modified":"2022-12-02T16:35:25","modified_gmt":"2022-12-02T15:35:25","slug":"cryptocurrencies-sharp-drop-whos-responsible","status":"publish","type":"post","link":"https:\/\/www.elkho-group.com\/en\/cryptocurrencies-sharp-drop-whos-responsible\/","title":{"rendered":"CRYPTOCURRENCIES SHARP DROP: WHO\u2019S RESPONSIBLE?"},"content":{"rendered":"<p class=\"p1\" style=\"text-align: justify;\">Once again, the volatility of the cryptocurrencies market has shown a <strong>sharp drop<\/strong>. In the last 24 hours, prices have significantly dropped. <strong>Bitcoin<\/strong> <strong>price<\/strong> is under $ 18K, <strong>Ethereum<\/strong> experienced a 20% decrease and <strong>Solana<\/strong> is down by 35%, which is huge loss for its investors. However, this is not the worse part of the story. <strong>FTX token (FTT)<\/strong> is the cryptocurrency which suffered the most during the last 24 hours, it decreased by 75%. It\u2019s also the main raison why the crypto market is living a <strong>nightmare<\/strong>.<\/p>\n<p class=\"p1\" style=\"text-align: justify;\">As part of their risk management decisions, <strong>Binance<\/strong> started selling all the FTT they own. This has led fear index to increase among investors, and as a result, a massive <strong>sell surge<\/strong> began. Binance explained that its decision was taken is to ensure that the platform won\u2019t experience the same issue it did with <strong>LUNA (TERRA)<\/strong> earlier.<\/p>\n<p class=\"p1\" style=\"text-align: justify;\">FTX Exchange platform is living a liquidity crisis. A few days ago, Binance suggested to <strong>help FTX<\/strong> face its crisis but decided to back up after that. Investors are fearing that FTX<span class=\"Apple-converted-space\">\u00a0 <\/span>is on the same path as <strong>Celsius<\/strong>, which is a crypto lending service that went <strong>bankrupt<\/strong> last July. Some experts predict that <strong>FTX Token is safer<\/strong> and this drop won\u2019t be fatal.<\/p>\n<p class=\"p1\" style=\"text-align: justify;\">As time passes, the crisis gets worse. FTX caused a memorable decline in the market, it\u2019s rare to experience such a crisis even with the current market volatility levels.<\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><strong>So, is the market going to recover soon or will the scenario continue for the next few months?<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Once again, the volatility of the cryptocurrencies market has shown a sharp drop. In the last 24 hours, prices have significantly dropped. Bitcoin price is under $ 18K, Ethereum experienced a 20% decrease and Solana is down by 35%, which is huge loss for its investors. However, this is not the worse part of the&hellip;<\/p>\n","protected":false},"author":46,"featured_media":17111,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-17165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-25","description-off"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Once again, the volatility of the cryptocurrencies market has shown a sharp drop. In the last 24 hours, prices have significantly dropped. Bitcoin price is under $ 18K, Ethereum experienced a 20% decrease and Solana is down by 35%, which is huge loss for its investors. 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