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FTX, a global cryptocurrency exchange, has collapsed, impacting not only retail investors but also various crypto companies and exchanges. This collapse may lead to potential future collapses in the industry. Some big cryptos have significant exposure to FTX while others have less. It is essential to pay attention to all sides as the current market turmoil is affecting cryptocurrency prices. BTC is trading just below 17K, showing stabilization after the FTX collapse. Despite the market chaos, prices have remained relatively flat on the 24-hour chart, prompting questions about the stability of the market.
