Bitcoin and other cryptocurrencies fell Friday following news that FTX, the distressed crypto exchange that has driven the recent selloff, has filed for bankruptcy.
The price of Bitcoin has fallen 5% over the past 24 hours to $16,675, having previously traded around $17,500. The largest digital asset has seen volatile trading for days. It changed hands near $21,000 last weekend before plunging as low as $15,500. That was in the trough of Wednesday selling as the FTX crisis rippled through markets. It was recently buoyed Thursday amid a rally across asset classes following U.S. data showing that inflation is slowing.
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https://stockinvesthub.blogspot.com/2022/11/bitcoin-falls-as-ftx-files-for-chapter.html
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