A day after its short-lived comeback above $20,000 Tuesday, bitcoin plunged below $16,000, trading 14% lower as of 4:45 pm ET. The decline does not come as a surprise to analysts, who said volatility is to be expected given the uncertainty around FTX’s solvency and legal standing, plus concerns that Binance’s rescue, which was initially well-received, may not be coming. More info: https://bit.ly/3hw218H