Technical Analysis

Binance Chao: Full impact of meltdown at FTX had yet to be felt

Greg Michalowski

Binance chief Chao is in an interview with the FT:

  • full impact of meltdown at rival crypto exchange FTX had yet to be felt
  • warns of cascading crypto crisis

Bitcoin is trading down -$237 at $17,353. The low reached $15,632. Meanwhile the FTX token FTT is trading at $3.27 that’s down $0.08 or -2.39%. It traded as low as $1.07 on Wednesday. The low price today reached $2.23.

JPMorgan has said there can be a cascading of margin calls a few weeks ago

Interesting comments from the head of a crypto exchange.

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