The past couple of days have been a complete rollercoaster in the cryptocurrency field, and there are no signs of slowing down.
Just yesterday, FTX officially filed for voluntary Chapter 11 Bankruptcy proceedings in the US, sending the markets into another meltdown.
Bitcoin Plunges Toward $16K
Bitcoin’s price can’t catch a break. After attempting a recovery following positive CPI numbers Thursday, the cryptocurrency experienced another meltdown on Friday.
BTC plunged from above $18K down to almost $16K (on Binance).
Source: Binance via TradingView
As seen in the above chart, the cryptocurrency has since recovered to where it currently trades at around $18,800, but it remains down 3% in the past 24 hours.
Altcoins Take a Beating Too
As expected, the entire cryptocurrency market is in shambles as many expected FTX to make some sort of a deal that would lead to a quicker resolution and perhaps recovery of users’ balances.
This was, after all, hinted at and highlighted by the former
We współpracy z: https://cryptopotato.com/bitcoin-plunges-toward-16k-on-more-ftx-bad-news-market-watch/
