Bitcoin Prices Plunge to a Yearly Low After FTX’s Failure. What Happens Next.



Bitcoin


and other cryptocurrencies plunged on Wednesday as fear swept the digital asset market in the wake of the failure of FTX, one of the largest exchanges.

The price of Bitcoin has tumbled more than 10% over the past 24 hours to $17,600, a new yearly low, having previously traded above $20,500 on Tuesday before it was announced that rival exchange Binance would rescue imperiled FTX.


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