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

by Jeremy

BTC’s value slipped under $26,000 Friday afternoon after a rally towards $27,000 – which erased a few of Thursday’s sharp decline – fizzled. The most important cryptocurrency by market capitalization had plummeted to $25,392 Thursday afternoon, hitting its lowest value since mid-June, amid cascading liquidations of leveraged buying and selling positions.

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