Bitcoin (BTC) was recently trading at about $16,675, down nearly 7%. The largest cryptocurrency by market capitalization was still hovering near $17,000 when CoinDesk reported that FTX, the once-widely revered exchange, had filed for bankruptcy after a fruitless search for a rescuer. The ongoing fallout for an already shellshocked crypto sector remains uncertain.
Source: https://www.coindesk.com/markets/2022/11/11/market-wrap-bitcoin-returns-to-red-tumbling-7-on-ftx-collapse/?utm_medium=referral&utm_source=rss&utm_campaign=headlines