FRANKFURT: Bitcoin cryptocurrency exchange Binance continued its slide yesterday, a day after it announced it was pulling out of buying rival FTX.
The price of bitcoin fell to $16,148 per unit, the lowest level since 2020, after Binance announced it was pulling out of the buyout deal.
The drop in the price of the world’s most popular and widely distributed digital currency comes after investors are again worried about the stability of the relatively young sector.
Prior to the news that Binance had pulled out of the FTX purchase, bitcoin was trading above $18,000 per unit yesterday morning.
Yesterday, before the end of trading on the US market, Binance confirmed that it was pulling out of the FTX deal, saying that the difficulties the trading platform was facing had outstripped the company’s ability to help.
After news of a liquidity crisis at FTX, Binance announced a partial acquisition on Tuesday before announcing it was pulling out of the deal.
(dpa)