The cryptocurrency market has been rocked after Binance scrapped plans to take over FTX The world’s largest cryptocurrency by market capitalization, Bitcoin, has dropped to its lowest level in nearly two years on news of the potential bankruptcy of FTX, a major crypto exchange. Bitcoin slid 12% on Wednesday to under $16,000 per coin, its lowest since November 2020, according to trading data. It regained some of the losses in early trading on Thursday but was still down over 8% for the day at $16,665 at around 08:00 GMT. Other major cryptocurrencies were also trading in the red, traditionally following Bitcoin’s ma
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