Bitcoin Drops Below $17K While Waiting for Binance-FTX Deal

While the fate of the deal between Binance and FTX remains unclear, the bitcoin (BTC) price briefly dropped below $17,000.

Bitcoin price briefly on Coinbase, according to TradingView data $16,913 fell down. Bitcoin versus USD at the time of writing from 17 thousand 268 dollars is changing hands.

The Bitcoin price has started to decline after a new press report regarding the deal between Binance and FTX.

According to the statements of someone who allegedly knew about the subject It seems unlikely that Binance will complete its purchase agreement with FTX.

Binance and FTX executives announced that the parties have reached an agreement among themselves, but the agreement has not yet been reached. not clear they had stated.

Cryptocurrency market after it was announced that Binance had agreed to buy FTX moved up, albeit briefly, then began to decline. According to data from CoinGecko, bitcoin has lost more than 10% and ether has lost more than 20% in 24 hours.

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