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.