![Crypto-Markets-Nervous-as-the-FTX-Collapse-Dents-Institutional-Confidence.jpg Crypto Markets Nervous as the FTX Collapse Dents Institutional Confidence](https://cryptotoptrends.com/wp-content/uploads/2022/11/Crypto-Markets-Nervous-as-the-FTX-Collapse-Dents-Institutional-Confidence-678x381.jpg)
Bitcoin (BTC) dropped to the $15,500 level, nearing a two-year low, amid a gloomy market climate following the FTX collapse. The largest cryptocurrency by market capitalization was trading as low as $15,591, close to the 52-week low of $15,554. Bitcoin had settled back to around $15,800 as of press time, down roughly 5% in the past 24 hours. “If the $15,500 level breaks for bitcoin, there is not much support until the $13,500 level, followed by the psychological $10,000 level,” Edward Moya, Oanda senior market analyst for the Americas, wrote in a Monday note.
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