<br><div> <p> <span class="quote-pick" data-track-hover="QuotePeek" data-significance="PROMINENT" data-ticker="BTCUSD" data-charting-symbol="CRYPTOCURRENCY/US/COINDESK/BTCUSD"> <a target="_blank" href="https://www.barrons.com/market-data/cryptocurrencies/btcusd?iso=coindesk" rel="noopener"> Bitcoin </a> </span> and different cryptocurrencies have been largely weaker on Friday. The digital asset house continues to face strain amid the fallout from <a target="_blank" href="https://www.barrons.com/articles/ftx-bankruptcy-ceo-crypto-crash-51668177467?mod=article_inline" class="icon none" rel="follow noopener">crypto exchange FTX’s collapse</a>, with indicators that gloom is spreading throughout market individuals.</p> <p>The worth of Bitcoin was edging decrease, down lower than 1% over the previous 24 hours to round $16,500. The most important crypto has held above its latest two-year lows close to $15,550, hit throughout peaks of promoting amid fears over bother at FTX and later its chapter—<a target="_blank" href="https://www.barrons.com/articles/bitcoin-crypto-markets-today-ftx-51668164354?mod=article_inline" class="icon none" rel="follow noopener">the full effects of which are likely still unknown</a>. However Bitcoin has nonetheless fallen some 20% in simply weeks and is now buying and selling at lower than 1 / 4 of its all-time excessive close to $69,000 from a yr in the past.</p> </div>
Bitcoin Prices Are Weak. Gloom Is Spreading Across Crypto.
Bitcoin and different cryptocurrencies have been largely weaker on Friday. The digital asset house continues to face strain amid the fallout from crypto exchange FTX’s collapse, with indicators that gloom is spreading throughout market individuals. The worth of Bitcoin was edging decrease, down lower than 1% over the previous 24 hours to round $16,500. The most important crypto has held above its latest two-year lows close to $15,550, hit throughout peaks of promoting amid fears over bother at FTX and later its chapter—the full effects of which are likely still unknown. However Bitcoin has non