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TON, TWT, CHZ and QNT breakout amid traders’ crypto contagion fears

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The FTX collapse continues to stoke fears of a contagion in the cryptocurrency space as investors wait to hear about businesses that may face the heat.

One of the marquee names to come under the circle of suspicion is the Grayscale Bitcoin Trust (GBTC), which has seen its discount to Bitcoin’s (BTC) price reach record levels of about 50%.Traders hate uncertainty and shy away from investing during these periods.

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