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The day's losses have been fueled by growing — and now confirmed — concerns that Binance would back out of the deal.
Bitcoin fell as low as $16,027, according to TradingView data. At 4:20 p.m. ET, bitcoin was trading hands at $16,120.
![](https://www.tbstat.com/wp/uploads/2022/11/BTCUSD_2022-11-09_16-20-52.png)
BTCUSD Chart by TradingView
The price of Solana, down more than 45% in the past day, fell to $12.82 as of 4:20 p.m. ET.
![](https://ghost.coinshots.com/content/images/2022/11/image-66.png)
Other major crypto assets, including BNB and DOGE, have fallen sharply amid the events of the past day, according to CoinGecko data.