Most crypto prices jumped on Tuesday on the news that Binance, the world’s largest crypto exchange, signed a letter of intent to acquire rival FTX, but prices are still bountiful for years to come.
Sam Bankman-Fried, CEO and Founder of FTX Sam Bankman-Fried tweeted on Tuesday that the exchange has entered into a strategic transaction with Binance, pending due diligence.
Here’s how crypto prices are moving after the news broke, according to data from CoinDesk:
: The price was around 19 $350 before the announcement. Bitcoin price is currently at 20 $590.30, representing a change of -0.66% in the last 24 hours.
: Ethereum price was around $1,438 before the announcement and is currently at $1,562. This is a change of -1.54% over the last 24 hours.
Binance Coin: Binance Coin price is $380.77, a change of 13.49% in the last 24 hours. The pre-announcement price was $323.
Binance USD: The price of Binance USD, which is a stablecoin, is $1.00, a change of -0.18% in the last 24 hours. The price has remained relatively stable since the announcement at 0.99.
: The price of Dogecoin has risen from 0.099 to 0.1088 since the announcement. Dogecoin price is a change of -5.99% in the last 24 hours.