Major Crypto Assets Are Suffering Double-Digit Declines.

Crypto assets

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.

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