![Bitcoin price may still drop 40% after FTX ‘Lehman moment’ — Analysis Bitcoin price may still drop 40% after FTX ‘Lehman moment’ — Analysis](https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvMGZlYjM3NTQtZGY5YS00ZDhkLTg2MGMtZTJmZjAyOWI5MTgzLmpwZw==.jpg)
Bitcoin (BTC) saw a fresh rejection at $17,000 on Nov. 18 as nervous markets weathered more FTX fallout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC gets a $12,000 price target Data from…
![The crypto industry’s Lehman Brothers moment The crypto industry’s Lehman Brothers moment](https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvNzEzMGJkMzUtNmQwNC00Y2E2LTk3MjktMWIzMGE2YTY5YmI5LmpwZw==.jpg)
The world’s third-largest cryptocurrency exchange, FTX, started the year with a $400 million Series C funding round, taking its valuation to over $32 billion. Ten months later, the crypto exchange is staring down…