Bitcoin could tumble to $13,000 amid FTX crisis, JP Morgan warns

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City AM

By Charlie Conchie Bitcoin could tumble to as low as $13,000 as the industry is rocked by the crisis at the crypto exchange FTX, JP Morgan has warned. The digital asset bourse was plunged into fresh trouble last night when the world’s biggest exchange and its main rival Binance walked away from a rescue deal. FTX had struck a non-binding deal to sell itself to Binance amid a major liquidity crunch, but Binance reportedly took fright at the state of the exchange’s books and aborted the takeover. Analysts at JP Morgan have now predicted that the shockwaves of a collapse of FTX could lead Bitcoin…

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