Crypto pessimism grows as Bitcoin slips below $17,000

The largest token traded below $16,700 on Sunday after dropping as much as 3.7% on Friday. Earlier in the week, Bitcoin reached its highest price since Sam Bankman-Fried’s crypto empire filed for bankruptcy last month. On Friday, Ether declined as much as 6.3%, while other altcoins like Avalanche and Solana dropped as well.

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