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Crypto Today: BTC, ETH, and XRP lead $1.4B capitulation on Black Monday as FTX denies $2.5B claims – FXStreet
This sharp decline in market value was attributed to a variety of factors, including fears of economic instability and the global impact of the ongoing pandemic.
In addition to the market downturn, cryptocurrency exchange FTX also faced controversy as it denied claims of losing $2.5 billion in customer funds. The exchange reassured users that their funds were safe and that the reported losses were inaccurate.
Overall, the cryptocurrency market continues to be volatile and unpredictable, with investors and traders advised to exercise caution and stay informed on market developments.
