The crypto market is now valued above $1 trillion for the first time since the FTX implosion in November, signaling a strong rebound in sentiment even as the industry faces headwinds.
Cryptocurrencies rose this week even as stocks retreated from their new year rally and a major crypto lender submitted a long awaited bankruptcy filing.
Bitcoin prices have retained their value lately, trading within a modest range close to $20,000 even as Fed policy makers hike rates and sell assets, creating potential challenges for the digital currency.
Bitcoin has lost 45% of its ‘value’ since the all-time high in November 2021 and broke below the 40k level overnight as global risk sentiment sours
Bitcoin climbed above $44,000 for the first time in a week as the most U.S. inflation in four decades revives the debate about whether the cryptocurrency is a…