Bitcoin Price Plunges to Lowest Level in Two Weeks. Blame Warring Crypto Billionaires.
Bitcoin
and other digital assets tumbled Tuesday amid fears that a face-off between two of the most influential figures in crypto could lead to trouble at the exchange FTX and wider market contagion.
The price of Bitcoin has fallen 5% over the past 24 hours to $19,700, having dropped below $19,500 in the trough of recent selling. The largest cryptocurrency is now at its lowest level in two weeks and has given up gains that had propelled Bitcoin up above $21,500 in recent days as traders hoped the token had notched a bottom in this bear market.
