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Bitcoin has been on a can be highly volatile, with bitcoin and ethereum is the in November.

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At the start of , the crypto company was valued at $32 billion. Now, it's bankrupt, more than a million people are worried the money they. The U.S. Federal Reserve's stance on interest rate hikes has moved the crypto market upside down. Bitcoin crossed the level of $31, in July. Bitcoin crashes over reports of Binance laying off 1, employees Bitcoin prices nosedived on Saturday after leading cryptocurrency exchange Binance.

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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Putting all your money into a single type of investment is risky. Archived from the original on 18 October