Crypto Index Tracker: Is the FTX Contagion Fading?
- By Dalvir Mandara
- 4 min read
Crypto markets have shaken off some of the bearish pressures following the FTX implosion. Bitcoin hit lows of c. $15,600 on Monday before rallying to highs of c. $16,800 yesterday. It is currently trading at c. $16,500 – up 4% since the start of the week. Ethereum has followed suit, it is currently trading at c. $1,180 – up 7% since the start of the week. Despite the moves up from this week’s lows, both bitcoin and ethereum have re-entered sideways channels and are down 21% and 25% MoM, respectively.
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