Bitcoin, crypto rise as FTX contagion fears ease

Bitcoin, crypto rise as FTX contagion fears ease

Bitcoin recovered above US$16,000 in Wednesday morning trading as it rose along with Ether and the rest of the crypto top 10 by market capitalization, excluding stablecoins, as the market shook off lingering doubts from earlier in the week of further contagion from the now-bankrupt crypto exchange FTX.  

See related article: Cathie Woods buys the dip as Ark Invest scoops up Coinbase, GBTC shares: Bloomberg

Fast facts

  • Bitcoin rose 2.6% to US$16,198 in the 24 hours to 8 a.m. in Hong Kong, while…


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