A market crash over the weekend sent cryptocurrency prices plunging, with some on Binance, the world’s largest crypto exchange by trading volume, dropping to almost zero.
According to CoinMarketCap, several altcoins, such as Cosmos (ATOM), IoTeX (IOTX), and Enjin (ENJ) plunged 99-100% within minutes on Oct.
ATOM lost nearly all its value in just minutes during the Oct crash.
Binance reported that Bitcoin fell 15% on its platform from US$124,000 to US$105,000, the sharpest cryptocurrency downturn since the collapse of Binance’s rival FTX in 2020, with a loss of US$850 billion in market value within a few hours.
Author's summary: Cryptocurrency prices plummet on Binance exchange.