Why Did Bitcoin’s Price (BTC) Plunge 11% in Worst Week Since FTX’s Collapse?

  • August 20, 2023

BTC’s price slipped below $26,000 Friday afternoon after a rally toward $27,000 – which erased some of Thursday’s sharp decline – fizzled. The largest cryptocurrency by market capitalization had plummeted to $25,392 Thursday afternoon, hitting its lowest price since mid-June, amid cascading liquidations of leveraged trading positions.

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