The top cryptocurrency could plunge 25% amid the crisis surrounding crypto exchange FXT, the bank’s strategists say The financial troubles of major cryptocurrency hub FXT threaten to wreak havoc on crypto firms and transform how they’re run, JPMorgan strategists warned on Wednesday. According to a research note cited by Business Insider, the analysts believe this will likely send the price of Bitcoin down 25% to $13,000 a coin. Crypto players are likely facing demands from lenders to put up more collateral, and some may collapse under the pressure, the Wall Street strategists wrote. “It looks likely that a new cas
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