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FTX-Induced Crypto Swoon Saps Bitcoin’s Sway on Global Investors

The pain spread across cryptocurrencies by the meltdown of FTX is fracturing the link they once had with other risk assets, a sign that Bitcoin’s influence on investors may be diminishing. The pain spread across cryptocurrencies by the meltdown of Sam Bankman-Fried's FTX is fracturing the link they once had with other risk assets, a sign that Bitcoin's influence on global investors may be diminishing.The idea that Bitcoin was a worthwhile part of a diversified portfolio of risk assets is fraying, with massive losses