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Bitcoin Losses Continue Concerns That Binance Might Quit FTX Deal

Crypto markets continued to fall Wednesday, with news that Binance won't buy FTX, fueling additional declines as U.S. equities markets closed.

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.

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