A photo showing FTX’s token FTT plunging by 79 per cent on November 8, 2022. Photo: Shutterstock
A photo showing FTX’s token FTT plunging by 79 per cent on November 8, 2022. Photo: Shutterstock

Cryptocurrency markets sag as funds drained from FTX switch out of ether and other tokens

  • Bitcoin traded at about US$16,000 as of 11:45am, a far cry from its November 2021 record high of almost US$69,000 while ether hovered around US$1,120
  • Meme token Dogecoin – an arbiter of the most speculative animus in an already racy digital playground – is down 11 per cent

A photo showing FTX’s token FTT plunging by 79 per cent on November 8, 2022. Photo: Shutterstock
A photo showing FTX’s token FTT plunging by 79 per cent on November 8, 2022. Photo: Shutterstock
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