<br><div> <p>The bomb that went off this month within the crypto trade has solely given <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> a flesh wound. There are good the explanation why the biggest crypto token has held up regardless of the dysfunction that surrounds it, however this isn’t a time for buyers to buy groceries.</p> <p>That isn't to say the token hasn’t suffered. On Nov. 2, CoinDesk <a target="_blank" href="https://www.coindesk.com/business/2022/11/02/divisions-in-sam-bankman-frieds-crypto-empire-blur-on-his-trading-titan-alamedas-balance-sheet/" class="icon none" rel="nofollow noopener">published</a> an article that finally led to the <a target="_blank" href="https://www.barrons.com/articles/ftx-binance-sam-bankman-fried-crypto-bitcoin-solana-price-crash-51668135110?mod=article_inline" class="icon none" rel="follow noopener">collapse</a> of FTX, the second-largest crypto change. Within the 16 days from when the story was revealed via Friday, Bitcoin’s value had fallen about 18% to $16,500. </p> </div>
Why Bitcoin Has Weathered FTX's Collapse and Why It Isn't Time to Buy
The bomb that went off this month within the crypto trade has solely given Bitcoin a flesh wound. There are good the explanation why the biggest crypto token has held up regardless of the dysfunction that surrounds it, however this isn’t a time for buyers to buy groceries. That isn't to say the token hasn’t suffered. On Nov. 2, CoinDesk published an article that finally led to the collapse of FTX, the second-largest crypto change. Within the 16 days from when the story was revealed via Friday, Bitcoin’s value had fallen about 18% to $16,500.
