Bitcoin Drops Over 10%, Marking Worst Week Since FTX Collapse

Reported 2 months ago

Bitcoin has fallen more than 10%, experiencing its most significant weekly decline since the FTX exchange's collapse in 2022. Trading at around $54,333, it lost 13.1% over the week, largely due to global market uncertainty and investor concerns about economic prospects. Smaller cryptocurrencies like Ether and Dogecoin also faced heavy losses amidst a rising geopolitical tension and a stock market sell-off.

Source: YAHOO

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