(MENAFN) Bitcoin witnessed its price decrease more than 6 percent on Friday the crypto market was unsuccessful to regain from a massive sell-off following the troubled cryptocurrency trade platform FTX filed for bankruptcy.
The cost of Bitcoin, the world’s biggest crypto by market size, was exchanging nearly at USD16,760 at 11:45 AM EDT for a 6.1 percent day to day decrease.
Ethereum, the largest altcoin across the world, was selling at about USD1,246 at the time for a 6.3 percent day to day decrease.
The overall worth of the cryptocurrency market was 6 percent lower to USD844 billion throughout that time, as shown by figures from the digital asset price-tracking website CoinMarketCap.
Some altcoins witnessed their value falling by a range of 15 percent to 20 percent in the last 24 hours.
FTT, FTX's token, witnessed its value drop 89 percent in the last week, whereas it was 31 percent lower for the day.
The major sell-off began on Tuesday when FTX enquired for support from the competitor Binance, due to liquidity problems. Binance declined the buyout agreement on Wednesday.
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