Dogecoin, Shiba Inu bleed as market braces itself for FTX-like scenario

, a major crypto lender in the market, announced that it will shut down its operations and voluntarily liquidate.

Following this development, Bitcoin [BTC] plunged below the $20,000 mark for the first time in nearly two months. The contagion spread to other cryptocurrencies as well and meme coins were one of the biggest losers.

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