Bitcoin Falls Below $17K, First Time in 23 Months, as Binance Said to Waver on FTX Deal

The price of bitcoin hit $16,936 on crypto exchange Bitstamp on Wednesday, after CoinDesk reported that Binance is leaning toward scrapping the deal after a first glance at FTX’s books. As of press time the BTC price had popped back up to $17,254, but still down 14% over the past 24 hours.