Cryptocurrencies are trying to recoup their losses after a huge drop on Wednesday, and have recovered some after Binance Holding’s withdrawal of its offer to buy FTX.com hurt them.
Bitcoin rose as much as 14% to around $ 17904, recording a decline as Thursday’s data showed US inflation slowed more than expected in October.
The largest cryptocurrency by market cap has already recouped some of its losses prior to the release of the CPI data. It was down to $ 15,574 on Wednesday, a level not seen since November 2020.
Meanwhile, Ether gained 21%, while other cryptocurrencies outperformed the two largest tokens. Solana is up 49% after losing nearly 50% in a week. Dogecoin jumped 30%.
On the other hand, there is no evidence that a major fund or other market maker in the cryptocurrency arena is in a situation of difficulty similar to that of FTX, said Ilan Solot, co-head of digital assets at Marex. Solutions, Bloomberg said.
was exposed Cryptocurrency markets Disturbed by the crisis that hit the FTX platform, which until a few days ago was considered one of the best crypto entities.
The FTX token is down and is now close to $ 4 after trading close to $ 25 just a week ago.
Despite the break-even losses on Thursday, Bitcoin is still down 14% this week. It had hit a record $ 69,000 a year ago.
