This Week in Coins: FTX Goes Broke, Bitcoin Falls to Two-Year Low

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This week in coins. Illustration by Mitchell Preffer for Decrypt. Welcome back to our weekly recap of crypto market moves over the past seven days. Just when the industry was beginning to think Crypto Winter had passed, the sudden cinematic collapse of crypto exchange FTX this week sent prices spiraling down across the board. Bitcoin (BTC) and Ethereum (ETH) crashed in sync, both losing about 20% of their value over the past seven days, according to CoinGecko data. The world’s top cryptocurrency Bitcoin (BTC) currently trades at $16,872, a price not seen since November 2020 when it beg ...

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