FTX Bitcoin hits two-year low

The price of Bitcoin has met a two-year low after the world’s biggest cryptocurrency exchange pulled out of a deal to rescue its smaller rival. The price of other digital coins also fell after Binance scrapped its deal to buy FTX, citing due diligence concerns. It has left customers unable to make withdrawals from the exchange, which is used to buy and sell various digital tokens.

Read more at BBC FTX: Bitcoin hits two-year low as crypto exchange deal collapses – BBC News