Summary
TLDR: The leading cryptocurrency fell over 8% to under $62,000, the biggest single-day percentage decline since Nov. 9, 2022 when FTX exchange went bankrupt.
Key Points
1. Bitcoin’s price fell over 8% to under $62,000, marking the biggest single-day percentage decline since November 9, 2022.
2. The price drop occurred as Sam Bankman Fried’s FTX exchange, formerly the third largest, went bankrupt, causing prices to tank over 14% on that day.
3. This daily performance represents the percentage gain or loss in a day, beginning at midnight UTC and concluding at 23:59:59 UTC.