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Bitcoin drops to 1-week low, ether slides 7% as FTX collapse ripples through crypto market

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The cryptocurrency market has come under pressure over the last two weeks as problems at major exchange FTX came to light.

From Nov. 6 — the day Binance CEO Changpeng Zhao said his exchange would liquidate its FTT tokens — the crypto market has lost more than $260 billion of value., which has since filed for bankruptcy. Binance was a rival to FTX.

The company owes its largest creditors some $3 billion.
 

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Ripple

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