Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin price has risen by 1.71%% in the last 24 hours amid crypto lending platform BlockFi filing for chapter 11 bankruptcy. In the last 24 hours, the trading volume of Bitcoin is $25,195,723,296 USD. Notably, BlockFi, a cryptocurrency lender, filed for bankruptcy protection on Monday, just days after suspending withdrawals in the aftermath of FTX’s bankruptcy filing.  According to the bankruptcy filing, its significant exposure to FTX caused a liquidity crisis. FTX, founded by Sam Bankman-Fried, filed for bankruptcy in the United States earlier this month after traders withdrew $6 billion from the platform in three days and rival exchange Binance dropped a rescue deal. The market capitalization of the cryptocurrency market is $834.81B, up 2.01% from yesterday.
Bitcoin live price in USD
The current Bitcoin price is $16,466.96 USD, and the 24-hour trading volume is $25,204,216,179 USD.  Bitcoin has increased by 1.71% in the last 24 hours. It has a total supply of 21,000,000 BTC coi

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