Bitcoin Slumps Below $27K as Crypto Faces Uncertainty Amid FTX Fallout

Bitcoin recently dipped below $27,000, sparking fears of a significant crash. Critics like Jim Cramer have expressed concerns.

Billionaire investor Paul Tudor Jones has endorsed Bitcoin as a stable investment option, citing rising US debt and geopolitical tensions.

Jones advises that assets like Bitcoin should make up a larger portion of portfolios during challenging times, though he's also cautious about investing in US stocks.

FTX founder Sam Bankman-Fried is on trial for financial fraud, adding uncertainty to the crypto market.

Bankman-Fried's ex-partner Caroline Ellison testified about their struggle during a liquidity crunch that contributed to FTX's collapse.