Bitcoin plummets because of FTX bankruptcy details revealed

21 November 2022 245
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Source: Barrons

Author: Adam Clark

Article: Original article

Publication date: Monday, November 21, 2022

Bitcoin's decline and other cryptocurrencies resumed on Monday. New details about FTX's collapse emerged over the weekend. So, concerns consequently occurred around other crypto platforms.

"A minimum of around $15,500 is the last valid support for bitcoin. Below that area there is a way to the $13,000 range", said Javier Molina, senior market analyst at trading platform eToro. 

The collapsed FTX exchange owes its top 50 creditors about $3.1 billion, according to a bankruptcy court filing Saturday. On Sunday, FTX's new management team also warned other cryptocurrency exchanges to be vigilant about losing money from their platform.


Bitcoin falls to $13,000

This content is for informational purposes only and is not intended to be investing advice.

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