GBTC next black swan BTC price? — 5 things to know about Bitcoin this week

Bitcoin price rumors abound as GBTC gets cold feet thanks to FTX.

Bitcoin (BTC) starts a new week still replaying November 2020 after its lowest weekly close in two years.

The largest cryptocurrency, much like the rest of the crypto industry, remains highly sensitive to downside risk as it continues to deal with the fallout from the implosion of the FTX exchange.

Contagion is on everyone's lips as November rolls on - much like Terra's collapse earlier this year - fears are that new victims of FTX's giant liquidity vortex will continue to surface.

The stakes are decidedly high; the initial shock may have passed, but the consequences are only beginning to be felt.

These include issues beyond simple financial losses, as lawmakers attempt to fight FTX and place renewed emphasis on urgent regulation of Bitcoin and crypto.

With that, it's no wonder price action on crypto assets is weak at best – and many voices are being raised that the worst is yet to come.

Cointelegraph takes a look at some of the key factors to consider this week when it comes to BTC price performance.

As the clouds swirl over the fate of FTX executive and ex-CEO Sam Bankman-Fried, commentators and crypto investors are wondering where the contagion will strike next.

Sentiment suggests that everyone is expecting the worst. A concrete example comes in the form of Genesis Trading, part of the Digital Currency Group (DCG) conglomerate, which