Bitcoin (BTC) dropped to the $15,500 degree, nearing a two-year low, amid a dismal market local weather following the FTX collapse. The most important cryptocurrency by market capitalization was buying and selling as little as $15,591, near the 52-week low of $15,554. Bitcoin had settled again to round $15,800 as of press time, down roughly 5% prior to now 24 hours. “If the $15,500 degree breaks for bitcoin, there may be not a lot assist till the $13,500 degree, adopted by the psychological $10,000 degree,” Edward Moya, Oanda senior market analyst for the Americas, wrote in a Monday be aware.
