In 2022, Bitcoin has experienced major pushbacks from global markets and investors.
Currently, Bitcoin is around $17,160 after consolidation from the past few weeks. FTX, one of the largest crypto exchanges, has quickly and brutally collapsed over legal and ethical misconduct.
Sam Bankman-Fried, the CEO & founder of FTX, is currently undergoing investigations over funds which were transferred to the Bahamas after the collapse of the crypto company. Bitcoin stays bearish during these conditions with below-normal volume.