Business
Why Bitcoin has weathered the FTX crash and why it’s not time to buy yet
The bomb that exploded this month in the crypto industry only brought
Bitcoin
a wound in the flesh. There are many good reasons why the largest crypto token is still standing despite the turmoil surrounding it, but this is not the time for investors to shop.
That doesn’t mean the token is unaffected. On November 2, CoinDesk published an article that eventually led to fall of FTX, the second largest cryptocurrency exchange. In the 16 days since the story was published through Friday, the Bitcoin price has dropped about 18% to $16,500.