Bitcoin price suddenly dropped below the psychologically important $20,000 level.

The world’s largest cryptocurrency hit a low of $19,448 at 4:20 UTC on the Bitstamp trading platform.

According to cryptocurrency data platform Conglass, $112.83 million worth of cryptocurrencies were liquidated in the past hours.

Longitudinal positions represent 94.94% of positions surveyed.

The recent decline may be the result of contagion and negative sentiment from crypto giant FTX in light of the recent spat with Binance.

The price of digital currency FTT suddenly fell by 14% in one hour.

The coin price is now down an amazing 28% in the last 24 hours.

According to blockchain analytics platform PeckShield, $284 million worth of cryptocurrency was withdrawn by the whale from the FTX trading platform.

Binance CEO CZ shocked the market by announcing that the company has decided to sell all of its FTT cryptocurrency.

This comes amid rumors that Alameda Research, a company closely associated with FTX, is facing financial problems.

When Sam Bankman tells Fred that the company’s assets are in good shape, in an attempt to dispel the rumors.

Meanwhile, Binance CEO “CZ” clarified that they are not trying to fight FTX

But the market had a different opinion…

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