Shares of companies in the cryptocurrency sector began to lose value after FTX filed for bankruptcy.
Companies operating in the crypto money industry and having connections with this industry, FTX’s bankruptcy filing is negatively affected.
Shares of US cryptocurrency giant Coinbase are approx. 8% shares of MicroStrategy, which holds approximately 130,000 bitcoins (BTC) on its balance sheet. 10% drop it happened.
In addition, there were significant decreases in the shares of companies such as Silvergate, Riot Blockchain, Marathon Digital.
According to CoinGecko data, in the last 24 hours, both bitcoin and ether (ETH) lost 5% of its value.
FTX Group has filed for bankruptcy, including companies it hosts such as FTX.com, FTX US and Alameda Research. Company founder Sam Bankman-Fried resigned as CEO.