
Cryptocurrency markets endured heavy losses on Thursday, with bitcoin near a two-year low as investors fretted about the fallout from the implosion of FTX, the world’s second-largest crypto exchange.
Larger rival Binance walked away from a bailout deal on Wednesday. FTX founder Sam Bankman-Fried said he was “exploring all the options”, but fading hopes for a rescue left the exchange teetering.