Stock Market Today: A Huge Crypto Deal Shakes the Nasdaq

Shares traded solidly higher for most of Tuesday, but lost steam in the afternoon as Wall Street reacted to a big shake-up in the cryptocurrency space.

Earlier today, crypto exchange Binance announced plans to buy the non-US assets of rival FTX amid the latter company’s liquidity issues. The news sent the price of Bitcoin fell 12.6% to $18,184 (Bitcoin is trading 24 hours a day; prices shown here are as of 4 p.m.).

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