Bitcoin losses continue after Binance quits FTX deal

Bitcoin's Wednesday losses continued amid news that Binance will not buy the beleaguered crypto exchange FTX.

“The investing public is hoping for a better future and they’re not having it here,” Gensler said following the FTX collapse.Earlier this week, FTX agreed to sell its non-U.S.

assets to the rival exchange amid a liquidity crunch related to its FTT token, but Binance is walking away from the deal."Our hope was to be able to support FTX's customers to provide liquidity, but the issues are beyond our control or ability to help," Binance said in a statement.

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