coinbase global and other cryptorelated stocks were declining monday as the price of bitcoin fell amid the continued fallout from the collapse of crypto platform ftx the price of bitcoin the world’s largest cryptocurrency has fallen 26 over the past 24 hours to 16132 the decline of bitcoin comes after ftx filed for bankruptcy earlier this month and its founder and chief executive sam bankmanfried resigned ftx’s new ceo john j ray iii said in a filing that he had never seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here”