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today a leading Global accounting firm suspends work with crypto clients New York Regulators issue crypto guidance for banks and FTX customers who lost thousands of dollars on the now bankrupt crypto exchange explain whats next [Music] welcome to cnbcs crypto world Im Mackenzie sagalos crypto prices plummeting to end the week as of noon Eastern Bitcoin sunk below the seventeen thousand dollar level just two days after it topped eighteen thousand dollars for the first time in more than a month meanwhile ether traded just above 1100 and xrp dropped to 36 Cents now macroeconomic pressures Are Back In Focus this week with slowing consumer spending and Rising interest rates fears of a recession in 2023 pushed Bitcoin down more than two percent in the past week and ether down half a percent okay lets talk about the top stories first mazars group has suspended all work with its crypto clients including binance and crypto.com citing concerns over the public perception of proof of reserve
