Cryptos try to stabilise after Binance-FTX transaction.

On Wednesday, cryptocurrency markets were tense and searching for support following

a steep and widespread decline caused by withdrawals made in response to concerns about

the security of the FTX cryptocurrency exchange, followed by a bailout deal from Binance

a larger and more established cryptocurrency exchange.

After a 10% drop on Tuesday, its worst day since mid-August, Bitcoin

the largest cryptocurrency by market value, was down 1% at $18,400 on Wednesday.

The second largest cryptocurrency, ether, has dropped by approximately 18% since Tuesday morning.