Billy Bambrough
Senior Contributor
Bitcoin BTC -3% and cryptocurrencies have been left reeling by the sudden collapse of major crypto exchange FTX this month (though Elon Musk has issued a surprise 2023 crypto prediction).
The bitcoin price has plummeted under $17,000 per bitcoin, down from almost $70,000 12 months ago, while ethereum has collapsed toward $1,000 per ether with JPMorgan warning the price crash could be just getting started.
Now, fears are swirling that $10 billion bitcoin and crypto giant Digital Currency Group (DCG) could be in trouble after its crypto lender Genesis was forced to pause withdrawals and reports emerged it’s seeking an emergency $1 billion loan.
To continue from original source; https://www.forbes.com/sites/billybambrough/2022/11/20/in-huge-trouble-10-billion-earthquake-could-be-about-to-cause-bitcoin-and-ethereum-price-chaos/?sh=5a5608472dd2.
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