'Long' Crypto Traders Take on $700M in Losses as Markets Falls on FTX Contagion Fears

Bitcoin (BTC) and ether (ETH) declined far more than 8% in the earlier 24 several hours to achieve degrees earlier observed in early October, placing a gradual recovery on hold. Other crypto majors like XRP, dogecoin (DOGE) and cardano (ADA) slipped about 12%, when solana (SOL) – of which Sam Bankman-Fried is a notable backer – dropped 25%.

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