Bitcoin BTCUSD –1.81% and other cryptocurrencies fell on Monday, but sentiment in the digital asset space appears to have improved. A busy week with macroeconomic news means crypto may see volatility going forward.
Bitcoin price has fallen 2% in the past 24 hours to hit $16,200, and is still well above the two-year low near $15,500 reached from the trough of the panic sell earlier this month. The sudden and shocking failure of cryptocurrency exchange FTX continues to have an impact on markets and industries as a whole, and the full impact and potential ramifications of the bankruptcy remain unknown.
