Now, the trend is changing again – and this time crypto is ‘to blame’ for it. Avneri explains: “The crypto market is under pressure as a result of a war between two giants. The companies are fighting over every acquisition of companies that have run into difficulties, such as Voyager, and over the financing of mining companies and the establishment of companies to purchase computers for mining. Therefore, the balance sheet value of each of them is critical to the capabilities Their financing and purchase. This is the main reason each is trying to forcefully lower the value of the other’s currency. This is an effect of the market value of an asset that is not for trading purposes.”
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In other words, Avneri is implying that today’s fall in the crypto market is a sort of side effect of an apparently deliberate attempt by Binance CEO, crypto billionaire Changpeng Zhao, to hurt the main competitor, FTX controlled by crypto billionaire Sam Bankman-Fried. As we reported earlier What’s more, in the last couple of days there has been a tweet battle between the two, with Zhao announcing that Binance will sell all the FTX coins it owns due to “new discoveries”, which he declined to elaborate on. FTX, caused a panic that when the “cork” was released led to a collapse of about 30% in the value of the coin (which was reduced in the meantime to 23.6%, but it is still a real discrimination, which lowered its ranking in the cryptocurrency table 6 places, from 26 to 32 ).