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Bitcoin Drawdown Widened to 27%, Reaching FTX Levels Amid US-China Trade Tensions
In a shocking turn of events, the Bitcoin (BTC) price has plummeted by an unprecedented 27%, echoing the same drastic decline seen during the infamous FTX collapse. This sudden and significant downturn in value comes as the global cryptocurrency market continues to reel from the ongoing US-China trade tensions.
The recent drop in BTC’s value is not only a concerning development for investors but also raises questions about the long-term sustainability of this once-thriving asset class.
Source: https://cryptoslate.com/insights/bitcoin-drawdown-widened-to-27-near-ftx-levels-amid-escalating-us-china-trade-tensions/
