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FTX IS CRASHING THE PRICE OF BITCOIN! *THIS IS CRAZY*Why are cryptos falling so sharply? Because they are being hit by the same factors impacting stocks and other assets. Consumer prices are. Trading volumes across the crypto market have taken a hit due to a number of factors, including volatility, earnings season and macroeconomic. The world's largest crypto exchange, Binance reversed course on a plan to bail out competitor FTX in an event that has shocked the crypto.