Bitcoin hits lowest since December '20 amid 'throes of crypto winter'

Bitcoin (BTC-USD) price has fluctuated between $20,000 and $21,200 since Friday. Total market capitalization has dropped by almost $300 billion since last Friday’s hot inflation data, from $1.19 trillion to $893 billion as of Friday afternoon. Some crypto firms including BlockFi, Genesis Trading and FTX have come out publicly stating they’ve liquidated certain overleveraged counterparties on their platform with some speculation and evidence pointing to Three Arrows Capital. Some firms have been forced to liquidate positions or freeze customer accounts. Some data shows investors are still eager to snap up crypto-related exchange traded products, with 21Shares reporting they've seen $30 million in net inflows since Terra's collapse. Source