Financial Times
Sep 10, 2022 - 6 min
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Crypto industry braced for fallout after weekend meltdown
5 mins | Jun 25, 2022
Bitcoin fell as low as $17,628 under pressure from central bank rate rises. Crypto fanatics may be taking back their adoration. Investors fear a drop in bitcoin below $20,000 may prompt forced liquidations of large leveraged bets. Scott Chipolina and Joshua Oliver explore how crypto investors and executives are anxiously watching the token's price as it "may prompt forced liquidations of large leveraged bets."
