This Week in Coins: Bitcoin Avoids Heavy Losses as FTX Contagion Spreads

bitcoin November 19, 2022 Bitcoin Leave a comment 9 Views

This week in coins. Illustration by Mitchell Preffer for Decrypt.

This being week two of the FTX disaster story, crypto investors can expect things to get worse before they get better. However, the two market leaders, Bitcoin and Ethereum, no longer appear to be in freefall.

Bitcoin (BTC), the largest cryptocurrency by market capitalization, only dropped 1% over the past week and trades at $16,655. Ethereum (ETH), the No. 2 cryptocurrency, shaved off about 4% of its value and trades for…


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