Crypto News Today Live Updates November and Latest News: (21 November 2022) The global crypto market registered a major decline on Monday. The total market cap is down by 4% over the past 24 hours. It is on a brink of collapse to fall under the crucial $800 billion mark. It now stands at $803 billion.
The biggest of cryptos like Bitcoin and Ethereum prices have dropped by 3% and 8%. Bitcoin is trading at an average price of $16,192. While Ethereum is trading at an average price of $1,132, at the press time.
Investors Eyes Genesis and DCG As FTX Contagion Spreads
While DCG and Genesis look to raise $1 billion in emergency funding, reports claim that Barry Silbert’s DCG owes over $1.1 billion to Genesis. If the funding fails, it could spark more damage than FTX collapse.
FTX new CEO, John J. Ray III was paid $1300 for an hour
As per reports, FTX new CEO, John J. Ray III was paid around $1300 for an hour. He was billed at least monthly.
John J. Ray III was also the bankruptcy reorganization leader for Enron.
Ethereum liquadation breaches $37 million
Today’s ETH price correction is also the result of a broader market correction. The broader cryptocurrency market is down by 5.6% slipping under $800 billion as of press time.
As per glassnode, traders have liquidated more than $37 million from the Ethereum over the past day.
Ethereum Price tanks by 8%
As of press time, Ethereum (ETH) is trading 8.09% down at a price of $1,120 and a market cap of $137 billion.
On Sunday, November 20, reports emerged that the FTX hacker who stole $600 million from the exchange is converting his ETH stash to Bitcoin.
Crypto market down by 4%
The global crypto market registered a major decline on Monday. The total market cap is down by 4% over the past 24 hours. It is on a brink of collapse to fall under the crucial $800 billion mark.
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