The week’s rout in cryptocurrencies deepened, with Bitcoin tumbling to the lowest levels in two years, as Binance walked away from its planned takeover of FTX.com.
Bitcoin, the largest token by market value, fell as much as 15% to $15,987 on Wednesday, the least since November 2020. That brings the two-day decline to as much as 23%, the most since June. It reached a record high of almost $69,000 a year ago. Just about every digital coin was struggling: Ether, Solana, Polkadot and Avalanche all dropped.