Close Menu
SimpleFX BlogSimpleFX Blog
    Facebook X (Twitter) Instagram
    Tuesday, May 13
    Facebook X (Twitter) LinkedIn Telegram YouTube
    SimpleFX BlogSimpleFX Blog
    Banner
    • Home
    • News
    • Tutorials
    • Updates
    • Opinion
    • Trading Academy
    • Trading Schedule
    SimpleFX BlogSimpleFX Blog
    Home » BTC Falls Below $20 000
    News

    BTC Falls Below $20 000

    Masha TomenkoBy Masha TomenkoNovember 8, 2022No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    How Does Bitcoin Affect Ecology?

    Bitcoin fell below $20,000 on Tuesday, November 8. Let us note that for the first time in almost four weeks. Ether also suffered a loss – resulting from a token related to the FTX cryptocurrency exchange dropping below the critical level.

    BTCUSD has fallen to $ 19,587 (almost 6%) in the last 24 hours. This is the lowest closing price since October 24. The ETHUSD, on the other hand, fell to $ 1,485 (over 5%) over the same period, which is also the coin’s lowest in two weeks.

    btcusd drops november 8 2022
    BTCUSD drops below $20k (to $ 19,587) on Tuesday, November 8, 2022. (Source: SimpleFX)

    The decline in the value of the two major cryptocurrencies is closely related to the decline in the price of FTT, the native FTX token. Its value was down 19% in 24 hours (to about $ 18).

    Trade Bitcoin

    BTC Falls Below $20,000: Binance And FTX Tensions

    Let us add that the tensions between the big crypto exchanges: Binance and FTX, have been growing recently. The relationship between Sam Bankman-Fried (CEO of FTX) and Changpeng Zhao (CEO of Binance) went cold since Zhao announced on Sunday that Binance would sell the remaining FTT tokens. On November 7, Bankman-Fried replied, “a competitor is trying to go after us with false rumors.”

    1) A competitor is trying to go after us with false rumors.

    FTX is fine. Assets are fine.

    Details:

    — SBF (@SBF_FTX) November 7, 2022

    This drama was commented on by Naeem Aslam, chief market analyst at AvaTrade, (which I quote from marketwatch.com). He said:

    “The selloff in the FTT token has made the whole industry vulnerable once again, and major crypto titans like bitcoin and Ethereum are out of balance and moving lower.”

    He also added that pressure could send bitcoin to $ 15,000 or lower.

    Trade Ethereum

    Read more:

    • 5 New Tokens Deposit Bonus
    • Hot Assets To Trade This Week: November 7-11, 2022
    • Elon Musk Twitter Takeover. The Complete Timeline
    btcusd featured
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Previous Article4 New Tokens Deposit Bonus
    Next Article Trading Schedule Changes (November 15)
    Masha Tomenko
    • Website

    Related Posts

    American banking giants available on the Investment Arena!

    May 12, 2025

    Holidays, Rollovers and Dividends for April 28 – May 04, 2025

    April 25, 2025

    SimpleFX offer extended – 1000 assets for trading!

    April 8, 2025
    Leave Us a Review
    Review us on
    App Store
    Google Play
    Copyright © 2014 - 2025. 8Tech SVG Ltd (formerly SimpleFX Ltd)
    • SimpleFX WebTrader
    • Unilink Affiliate Tracker

    Type above and press Enter to search. Press Esc to cancel.