<br><div> <p> <span class="quote-pick" data-track-hover="QuotePeek" data-significance="SIGNIFICANT" 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 plunged on Wednesday as worry swept the digital asset market within the wake <a target="_blank" href="https://www.barrons.com/articles/binance-acquire-ftx-after-spat-liquidity-crunch-51667924821?mod=article_inline" class="icon none" rel="follow noopener">of a liquidity crunch at FTX</a>, one of many largest exchanges.</p> <p>The value of Bitcoin has tumbled 15% in unstable buying and selling over the previous 24 hours to round $17,100 , a brand new yearly low, having beforehand traded above $20,500 on Tuesday earlier than it was introduced that <a target="_blank" href="https://www.barrons.com/articles/bitcoin-price-crypto-markets-today-51667907025?mod=article_inline" class="icon none" rel="follow noopener">Binance would rescue</a> its imperiled rival FTX.</p> </div>
Bitcoin Prices Plunge to a Yearly Low. What Happens Next.
Bitcoin and different cryptocurrencies plunged on Wednesday as worry swept the digital asset market within the wake of a liquidity crunch at FTX, one of many largest exchanges. The value of Bitcoin has tumbled 15% in unstable buying and selling over the previous 24 hours to round $17,100 , a brand new yearly low, having beforehand traded above $20,500 on Tuesday earlier than it was introduced that Binance would rescue its imperiled rival FTX.
