FTX recovers $5 billion of liquid assets, SEC charges Gemini and Genesis, and the crypto market bounces back

Published by
City AM

By Darren Parkin According to CryptoCompare data, the price of the flagship cryptocurrency Bitcoin (BTC) moved up significantly over the past week, starting at around $17,000 and quickly rising to test resistance at $21,000. Ethereum’s Ether, the second-largest cryptocurrency by market capitalisation, has moved in a similar way. After starting the week at around $1,300, the cryptocurrency surged to $1,550 where it’s currently trading. Bitcoin finished the year 2022 with its third negative annual performance in 14 years, closing at $16,531. While the 64.2% decrease in value for the year was not…

Read More