Bitcoin is having its worst week since the fall of FTX

Digital Asset News

Bitcoin is having its worst week since the fall of FTX
President Donald TrumpBitcoinBitcoin Miner
  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 61 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 63%

Bitcoin is having its worst week since the 2022 collapse of Sam Bankman Fried’s FTX cryptocurrency exchange amid a larger correction across all markets.

The world’s largest cryptocurrency fell 14.85% through the week ending Saturday, according to Yahoo Finance data, before resuming its decline by another 7% over the last 24 hours amid a larger correction across all markets.

The stamp of approval from the Republican presidential nominee had many in the industry hyped about a friendlier regulatory approach from Washington, D.C., in 2025 and beyond.for big money managers to issue new exchange-traded funds that hold ether — the latest example of how Wall Street is embracing cryptocurrencies.

Other observers urged calm Monday about the market chaos. Since the beginning of the year, Bitcoin is still up 29% while ether is 6% higher. Over a quarter of those losses were in bitcoin with the largest single wipeout happening to a $27 million valued bitcoin long position on China based crypto exchange, Huobi.It's Not Just You ― Pop Songs Really Have Changed In 1 Crucial WayVanessa Sagnay de la Bastida, 28, was holding hands with partner Michael Williams as they walked home near Wandsworth Bridge.Labour’s 5.

ELK GROVE, Calif., Aug. 05, 2024 -- Northann Corp. , a company specializing in 3D printing and manufacturing solutions, is excited to announce its plan of relocation to move its global headquarters to 2251 Catawba River Road, Fort Lawn, South Carolina. This move supports the Company's expansion and enhances its operational capabilities.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

President Donald Trump Bitcoin Bitcoin Miner

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Drops Below $59,000 After Worst Week Since FTX CollapseBitcoin Drops Below $59,000 After Worst Week Since FTX Collapse(Bloomberg) -- Bitcoin is under pressure from a bout of risk aversion in global markets that saddled the largest digital asset with its heftiest weekly loss ...
Read more »

Bitcoin ATMs see a boom: Is this the catalyst BTC’s price needs?Bitcoin ATMs see a boom: Is this the catalyst BTC’s price needs?Bitcoin ATM installations were experiencing a resurgence after a dip in late 2022.
Read more »

Kraken begins Bitcoin (BTC) & Bitcoin Cash (BCH) distribution to Mt Gox creditorsKraken begins Bitcoin (BTC) & Bitcoin Cash (BCH) distribution to Mt Gox creditorsIn a much awaited move, Kraken - a leading crypto exchange - has reportedly started distributing Bitcoin (BTC) and Bitcoin Cash...
Read more »

FTX and CFTC reach a $12.7B settlement: What happens now?FTX and CFTC reach a $12.7B settlement: What happens now?FTX and CFTC reach a $12.7b settlement. FTX filed for bankruptcy in 2022 and regulators filed civil lawsuits against the firm.
Read more »

Copper Set for Worst Week Since 2022 as China Plenum DisappointsCopper Set for Worst Week Since 2022 as China Plenum Disappoints(Bloomberg) -- Copper headed for its worst weekly loss since 2022 and iron ore extended a slump toward $100 a ton as a policy meeting in China failed to lay ...
Read more »

Copper set for worst week since 2022 as China plenum disappointsCopper set for worst week since 2022 as China plenum disappointsCopper headed for its worst weekly loss since 2022 and iron ore extended a slump toward US$100 a ton as a policy meeting in China failed to lay out more stimulus to shore up metals demand.
Read more »



Render Time: 2025-08-27 22:34:45