Why Bitcoin Plummeted When a Binance-FTX Deal Collapsed

As cryptocurrency exchange Binance proposed and then pulled out of an acquisition of rival FTX, bitcoin and other cryptocurrencies suffered sharp declines. WSJ reporter Vicky Ge Huang joins host J.R. Whalen to explain how these exchanges function and why Binance’s action triggered a crypto selloff.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Om Podcasten

Your Money Briefing is your personal-finance and career checklist, with the news that affects your money and what you do with it. From spending and saving to investing and taxes, the Wall Street Journal’s finance reporters and experts break down complicated money questions every weekday to help you make better decisions about managing your money. Hosted by J.R. Whalen.