
The cryptocurrency market continued its downward trajectory on Thursday morning, reeling under the implications of a failed deal between cryptocurrency exchange Binance and its rival FTX, with prices of major digital assets, including altcoins, trading at levels not seen since November 2020.
The world’s largest cryptocurrency Bitcoin (CRYPTO: BTC) fell as low as $15,663 on Wednesday before paring some of its losses and stabilizing around the $16,900 mark. It is down about 3% over the last 24 hours.