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Title: In Huge TroubleLeak Reveals $10 Billion Earthquake Could Be About To Cause Bitcoin And Ethereum Price Chaos
Source: [None]
URL Source: https://www.forbes.com/sites/billyb ... m-price-chaos/?sh=7b515fec2dd2
Published: Nov 21, 2022
Author: Staff
Post Date: 2022-11-21 20:28:02 by Horse
Keywords: None
Views: 62

BitcoinBTC -3.3% and cryptocurrencies have been left reeling by the sudden collapse of major crypto exchange FTX this month (though Elon Musk has issued a surprise 2023 crypto prediction).

The bitcoin price has plummeted under $17,000 per bitcoin, down from almost $70,000 12 months ago, while ethereum has collapsed toward $1,000 per ether with JPMorgan warning the price crash could be just getting started.

Now, fears are swirling that $10 billion bitcoin and crypto giant Digital Currency Group (DCG) could be in trouble after its crypto lender Genesis was forced to pause withdrawals and reports emerged it's seeking an emergency $1 billion loan.

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