As we rapidly approach the end of the year Bitcoin, the cryptocurrency with the largest market capitalisation continues the bearish sentiment. FTX’s bankruptcy has wide-reaching implications throughout the crypto market. On November 11, key cryptocurrency exchange FTX filed for bankruptcy.
Bitcoin, Ethereum and other cryptocurrencies started the new week on a mixed note and the pairs have shown very little price movement over the past 24 hours. Bitcoin (BTC) dropped more than 2.5% last week as investors dumped risk assets after the aggressive tone of the US Federal Reserve and the European Central Bank.