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Centralised exchanges see record Bitcoin outflows as FTX contagion spreads

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City AM

By Darren Parkin Data from CryptoCompare shows that the price of Bitcoin kept on dropping over the past weekafter testing the $17,000 mark. The cryptocurrency’s price steadily dropped to now trade at $16,000. Ethereum’s Ether, the second-largest cryptocurrency by market cap, traded in a similar way. The cryptocurrency’s price kept on dropping from around $1,250 to $1,100 at the time of writing as sellers keep adding pressure. Headlines in the cryptocurrency space this week focused heavily on FTX’s collapse and potential contagion affecting other cryptocurrency firms. In court filings, the emba…

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