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Bitcoin, Other Crypto Start Week Lower As FTX Collapse Continues Rumble Through the Industry

1 min read Original Link

Bitcoin and Ether both fell in Monday morning trading in Asia along with all of the top 10 non-stablecoin cryptocurrencies by market capitalization. With the exception of XRP, all the top 10 also lost ground over the last seven days as more details emerged about the failure of the FTX exchange.

Bitcoin fell 2.6% to US$16,278 in the 24 hours to 8 a.m. in Hong Kong, while Ether slumped 6.3% to US$1,141, according to CoinMarketCap. By Tuesday, the address associated with the FTX hack held at least 228,523.83 Ether, making it the 35th largest Ethereum holder in the world.

On Sunday, the hacker began exchanging the Ether into Ren Bitcoin (renBTC), a token representing Bitcoin on other blockchains, after moving some of the Ether to a new wallet.

# Bitcoin # FTX # Ether

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