Why is the crypto market down today?

Cointelegraph

Published Nov 08, 2022 02:23PM ET

Updated Nov 08, 2022 04:00PM ET

Crypto prices are falling across the board on Nov. 8 as potential contagion from the FTX and Alameda controversy impact the entire crypto market.

Earlier in the day, Bitcoin (BTC), Binance coin (BNB), Ethereum (ETH), FTX token (FTT) and Solana (SOL) had seen sharp rebounds after news that Binance would acquire FTX, but the bounce was short-lived.

Cryptocurrency market performance, daily timeframe: Coin360

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