Crypto exchanges buckle as stock losses grow amid exodus

The price of Bitcoin fell nearly 11pc last month, and its collapse at the weekend took it to below $80,000, fuelling fears of a broader exodus. Photo: Getty

Olga Kharif and Monique Mulima

Crypto’s latest downturn looks different: there are no scandals, no bankrupt exchange, no regulatory crackdown.

Yet for the industry’s biggest trading platforms, the damage is starting to look uncomfortably familiar.

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