Bitcoin Price and Ethereum Hold Crucial Support, Huobi Token Gains 10%

cryptonews.com:

Bitcoin hit a two-year low on Tuesday morning in Asian trading as investors drove down prices for most cryptocurrencies over fears that the failure of the FTX.com cryptocurrency exchange on November 11 could lead to the insolvency of other businesses with ties to the exchange. 

Ethereum, the second-most valuable cryptocurrency, trades bearishly, falling to $1,100 after Bitcoin.

The global crypto market's cap fell 0.75% to $786 billion the previous day, with major cryptocurrencies trading flat early on November 22. In contrast, the total crypto market volume increased by 21% in the last 24 hours to $66.85 billion. 

The overall volume in DeFi was $4.31 billion, accounting for 6% of the total 24-hour volume in the crypto market. The overall volume of all stablecoins was $63 billion, accounting for 94% of the total 24-hour volume of the crypto market.

Let's take a look at the top 24-hour altcoin gainers and losers.

Huobi Token (HT), ImmutableX (IMX), and ApeCoin (APE) are three of the top 100 coins that have gained value in the last 24 hours. The HT price has soared by more than 10% to $4.85, the IMX price has grown by more than 5% to $0.4045, and the APE price has increased by nearly 4%.

UNUS SED LEO (LEO), Chiliz (CHZ), and Chain (XCN) are three of the top 100 coins that have lost value in the last 24 hours. LEO has lost more than 13% to trade at $0.1930. CHZ has dropped more than 7% in the last 24 hours to $0.1785. 

Fearing a repetition of the Terra-Luna stablecoin collapse in May, which also brought down other businesses, investors are spooked by the likelihood of more bankruptcies among companies linked to the now-insolvent FTX exchange. 

The financial health of crypto investment bank Genesis Global Trading, controlled by