Bitcoin plunged to the lowest level since November 28, 2020, giving up over 11% at $16,569 as investors fear that the FTX collapse will spread across the cryptocurrency markets. The sell-off has intensified the last hour across the board
Bitcoin had a quiet weekend after a stormy week that drove the number one cryptocurrency below the $19000 mark. Bitcoin is approaching the end of third quarter with losses that exceed 10%, while YTD losses are up to 59%.