News Formal

Market Wrap: Cryptos Recover Slightly From FTX Fatigue With a Dose of Encouraging Inflation Data

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

$BTC and other cryptos regained ground lost due to FTX when the latest CPI showed inflation down by more than expected. Investors hope the Federal Reserve will soon ratchet back its monetary hawkishness. JPRubin23, and _jocelynyang_ report

was recently trading near $18,000, a more than 13% increase over the past 24 hours that made its Wednesday plunge below $16,000 – to a level not seen since late 2020 – seem antiquated.was recently changing hands over $1,300, up almost 17% from Wednesday, same time.

All other cryptos in the top 20 by market capitalization were feeling more like themselves again, rising well into the double digits as FTX and inflation fatigue waned – at least temporarily. Even FTX’s beleaguered FTT token, whose accumulation by the exchange’s sister company Alameda Research ignited the current mess, was up over 50% to $3.40.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

JPRubin23 _jocelynyang_ Since the beginning of $BTC's mission is to fight the dominance of paper money, if you continue to sell your assets, shares or crypto, the intrinsic value of the dollar will continue to increase.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market Wrap: Binance/FTX Deal Sends Bitcoin, Other Cryptos SpiralingCrypto prices whipsawed following the announcement that exchange giant Binance would be purchasing one of its largest rivals. Bitcoin recently sank below $19K. JPRubin23, GWilliamsJr_CMT and _jocelynyang_ report JPRubin23 GWilliamsJr_CMT _jocelynyang_ 🕰💀💸🧻⚖️ JPRubin23 GWilliamsJr_CMT _jocelynyang_ And below $17K (check low).
Source: CoinDesk - 🏆 291. / 63 Read more »

Market Wrap: Bitcoin, Other Cryptos Continue to PlummetThe misery of crypto markets appeared boundless amid crypto exchange giant FTX’s ongoing distress. $BTC fell to its lowest level in two years. JPRubin23, and _jocelynyang_ report JPRubin23 _jocelynyang_ Out of Bitcoin rainbow chart for the first time ever JPRubin23 _jocelynyang_ Good JPRubin23 _jocelynyang_ Oh man, its going to be a slaughter
Source: CoinDesk - 🏆 291. / 63 Read more »

FTX's U.S. business is in troubleFTX US is separate from FTX, but its fate is likely to be equal.
Source: axios - 🏆 302. / 63 Read more »