Bitcoin slides to near $16K as FTX collapse weighs on crypto prices, stocks

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Bitcoin (BTC-USD) has dropped 2.9% in the last 24 hours, threatening to sink below $16K as crypto exchange FTX's collapse continues to dominate sentiment in the crypto markets.

BTC, the world's largest cryptocurrency, traded at $16.08K at about 8:02 AM ET, its lowest point since

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