'Confidence Crisis' sends crypto plunging as FTX seeks fresh funds

'Confidence Crisis' sends crypto plunging as FTX seeks fresh funds

FILE PHOTO: A representation of bitcoin is seen in front of a stock graph in this illustration taken May 19, 2021. REUTERS/Dado Ruvic/Illustration

Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin hovering near a two-year low as investors fretted about the fallout from the implosion of crypto exchange FTX, which was seeking new funds to plug a gaping hole in its finances.

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