Most crypto prices jumped on Tuesday following news that Binance, the world’s largest crypto exchange, had signed a letter of intent to acquire rival FTX, but prices were still mostly lower than Monday.
Sam Bankman-Fried, FTX CEO and Founder Sam Bankman-Fried tweeted on Tuesday that the exchange has entered into a strategic deal with Binance, pending due diligence.
Here’s how cryptocurrency prices have moved since the news was announced, according to CoinDesk data:
Bitcoin
BTC USD,
: Price was around $19,350 before the announcement. Bitcoin is currently at $20,590.30, a change of -0.66% in the last 24 hours.
Ethereum
ETE
: The price of Ethereum was around $1438 before the announcement and is currently at $1562. That’s a change of -1.54% in the last 24 hours.
Binance Coin: Binance Coin is at $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, a stablecoin, is $1.00, a change of -0.18% in the last 24 hours. The price has remained relatively stable since the 0.99 announcement.
Solana: Solana is currently at $24.28, a change of -25.27% in the last 24 hours. Before the announcement, the price of Solana was around $27.36, before jumping to $30.99 shortly after the announcement.
Dogecoin
DOGE USD,
: Dogecoin price rose from 0.099 to 0.1088 after the announcement. Dogecoin price is a change of -5.99% in the last 24 hours.