Top crypto token taking a big hit, is this the end?

Crypto market traders saw over $713 million worth of crypto assets liquidated in the last 24 hours.

In sum, the cryptocurrency market is experiencing a decline of $905.57 billion. A decrease by 7.87 percent has occurred in the last day.

With this, BTC has an accumulation of $232.85 million, equivalent to about 12.79K BTC.

ETH was liquified toward the end of $174.98 million, which means $137.50K ETH.

Since Binance announced its intention to acquire FTX, the cryptocurrency industry is in the midst of a frenzy, as people try to analyze what it means for cryptocurrencies.

Earlier, Binance had announced it was going to liquidate a $500 million worth of FTT, which caused the value of FTT to drop by 30 percent.

FTT is presently $4.71 USD, down 74.33 in the last 24 hours.