In one of the largest and fastest market crashes of the year, $132 billion has been wiped out of crypto assets over the past 12 hours.
According to CoinGecko, the total market cap has slumped from $1.07 trillion 12 hours ago to $938 billion at the time of writing.
Most major crypto assets suffer double-digit declines, with the native FTX token heading the pack. FTT has dropped a whopping 75% over the past few hours as liquidity and insolvency worries grow.
Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.
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