Cryptocurrency Q&A
What happened to Bitcoin after FTX bankruptcy?
What happened to Bitcoin after FTX bankruptcy?
Riccardo
Mon Sep 09 2024
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7 answers
1511
After the collapse of FTX, a major cryptocurrency exchange, what impact did it have on Bitcoin? Did the price of Bitcoin experience significant volatility? How did investors and the broader cryptocurrency community react to this news? Did regulators take any immediate actions in response to the FTX bankruptcy and its potential implications for Bitcoin and the crypto market as a whole?
7 answers
CoinMasterMind
Wed Sep 11 2024
The cryptocurrency market was jolted by the news of FTX's bankruptcy, with Bitcoin experiencing a significant decline.
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SamuraiCourage
Wed Sep 11 2024
The digital asset plummeted by 5%, reaching a two-year low of $16,492, a stark reminder of the volatility inherent in the market.
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CryptoLordGuard
Wed Sep 11 2024
Changpeng Zhao, the CEO of Binance, a prominent cryptocurrency exchange, shared his insights on the situation.
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SsamziegangSerenade
Wed Sep 11 2024
Zhao noted that the collapse of FTX had triggered a financial crisis in the crypto space, reminiscent of the tumultuous events of 2008.
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IncheonBeauty
Tue Sep 10 2024
He warned that the Ripple effects of this crisis could potentially lead to the downfall of more businesses within the industry.
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