Bitcoin sinks under $16K as FTX insolvency fears turn into contagion

Bitcoin sinks under K as FTX insolvency fears turn into contagion

Crypto markets crumbled for a second day as the fallout from FTX’s liquidity troubles continued to negatively impact investor sentiment.

Throughout the day Bitcoin (

For further backstory on what is happening with FTX, click here to watch Cointelegraph Markets’ explainer on the situation.