Bitcoin price briefly slips to 2-year low after FTX’s announcement of Chapter 11 bankruptcy filing

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The price of Bitcoin briefly tumbled to a two-year low on Friday after cryptocurrency exchange FTX announced that it had filed for Chapter 11 bankruptcy and that its chief executive Sam Bankman-Fried had resigned. The price fell to as low as $16,351.52 before rebounding to around $16,670.50 Friday morning, according to Coindesk. Bitcoin is down by around 6.5% in the past 24 hours, according to the online news website.

This article was originally published by Marketwatch.com. Read the original article here.

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