The Crypto Report: Bitcoin and Ethereum slide with crypto exchange Genesis on the brink
1 year ago
Ethereum
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Bitcoin and Ethereum have continued to slide with traders concerned that other crypto exchanges could follow after the collapse of FTX.
The largest coin by market cap, Bitcoin, lost 6.6% to US$15,727 within the last trading day.
Ethereum fell by 14% to US$1,089 since this time yesterday morning.
According to Naeem Aslam, a market analyst at Avatrade, news that crypto exchange Genesis needs a US$1bn capital injection �shows how interconnected this whole world of crypto really is.�
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