Wall Street

Bitcoin tumbles below £13,500 as FTX turmoil continues

Published by
City AM

By Charlie Conchie Bitcoin has plunged below £13, 500 dollars today as investors flee to steadier ground amid turmoil sparked by the collapse of crypto exchange FTX. The most valuable crypto currency was trading at around £13,556 at 16:45 today after falling to as low as £13,456 early this morning. Bitcoin is down nearly 25 per cent since revelations began to emerge over the state of the balance sheet at Alameda Research – FTX’s sister firm – and has tumbled nearly 75 per cent from its all-time peak in November last year. It comes as the industry is rocked by the fallout of bankruptcy at Sam B…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street