Bitcoin Drops as Tremors From China Unrest Spook Global Markets
- BlockFi had received a July capital injection from FTX US
- Bitcoin is on worse monthly pace since June’s crypto crash
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Cryptocurrencies slid Monday as BlockFi Inc. filed for bankruptcy, the latest crypto firm to collapse in the wake of crypto exchange FTX’s rapid downfall.
Prices had slumped earlier amid a bout of investor anxiety in global markets sparked by protests in China against Covid restrictions.