Why Is Crypto Down  today

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The “too big, too fail” exchange based in The Bahamas has prompted the latest downturn in the sector

FTX’s apparent insolvency

In the last several days, there have been mounting concerns about FTX’s apparent insolvency. The price of FTX’s native token remains in freefall

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FTT tokens

FTT token is down more than 80% over the past five dayWith Binance walking away, FTX continues to spiral downward

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FTX CEO 

he FTX’s CEO is no longer a member of the billionaire’s club. SBF, as he’s commonly referred to in the crypto world,

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Tooltip

BTC has lost about 63% of its value since the beginning of the year

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Early investors in Bitcoin, Ethereum, and other cryptocurrencies have made a killing

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As we’ve seen over the last year, a down market can rapidly turn into a bull market,” John Wu, president of Ava Labs, say

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CEO and investing legend Warren Buffett once discussed Bitcoin’s shortcoming

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Using your imagination, you should understand that catching a falling knife—aka “buying the dip”

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But the point here is that big, fast market moves can be unsettling for the typical retail investor.

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