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Why Bitcoin Plummeted When a Binance-FTX Deal Collapsed

Episode 1408 Published 3 years, 10 months ago

Description

As cryptocurrency exchange Binance proposed and then pulled out of an acquisition of rival FTX, bitcoin and other cryptocurrencies suffered sharp declines. WSJ reporter Vicky Ge Huang joins host J.R. Whalen to explain how these exchanges function and why Binance’s action triggered a crypto selloff.

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