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Stock Market Today: Huge Crypto Deal Shakes Up Nasdaq


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

Earlier today, crypto exchange Binance said it plans to buy rival FTX’s non-U.S. assets amid liquidity concerns at the latter firm. The news sent the price of Bitcoin tumbling 12.6% to $18,184 (Bitcoin trades 24 hours a day; prices reported here are as of 4 p.m.). 





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