CryptoSlate Daily wMarket Update – Nov. 4-6: Binance, FTX spat tanks Solana price

CryptoSlate Daily wMarket Update – Nov. 4-6: Binance, FTX spat tanks Solana price

Over the reporting period, the cryptocurrency market cap saw net outflows of $2.4 billion to $1,028.2 billion from $1,030.6 billion as of press time — down 0.2%.
Since Nov. 4, Bitcoin’s market cap has grown 0.6% to $398.3 billion from $395.8 billion. Meanwhile, Ethereum’s market cap decreased by 0.5% to $193.3 billion from $194.3 billion.
Over the last 24 hours, the top 10 cryptocurrencies all posted losses, except Polygon, which bucked the wider market trend to continue its bullish run, growing 4%.
The biggest loser was Solana, decreasing 11.4% as the spat between Binance’s CZ and FTX’s Sam Bankman-Fried blew up over the weekend. FTX is heavily invested in Solana.
Source: CryptoSlate.com
The market caps of Tether (USDT) and USD Coin (USDC) stayed largely flat at $69.4 billion and $42.7 billion, respectively. BinanceUSD (BUSD) saw an increase to $22.5 billion.
Bitcoin
Over the last 24 hours, Bitcoin posted losses of 2.3% to $20,755 as of 07:00 ET. Its market dominance increas

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