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Bitcoin slump
November 22nd, 2022 - 02:03 GMT

Bitcoin slumps below $16k as FTX-related woes continue

Bitcoin and the broader cryptocurrency market were hit with renewed selling pressure on Tuesday after crypto-focused investment bank Genesis flagged a potential bankruptcy risk due to its exposure to recently insolvent exchange FTX. The world’s largest cryptocurrency sank 3% to $15,787.4 by 18:47 ET (23:4 7 GMT), having slumped as low as $15,504- a fresh two year low- earlier in the day. World no. 2 crypto Ethereum fell 3% to ...
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