Bitcoin has vaulted past where it stood when hedge fund Three Arrows Capital imploded yet it remains more than 50pc below its all-time high in November 2021.
The sharp drop in volumes means that it’s easier for large orders to move the BTC prices. So sit tight, there could be more wild swings coming. said Fiona Cincotta.
Cryptocurrencies tumbled anew as news around Binance’s potential takeover of rival exchange FTX started to sink in and renewed trader concerns that there is trouble brewing within the industry and among some of its top players.