Cryptocurrency Prices And News: Bitcoin Flat As FTX Bankruptcy Impacts Spread

Cryptocurrency Prices And News: Bitcoin Flat As FTX Bankruptcy Impacts Spread

Cryptocurrency News: Cryptocurrency prices were relatively unchanged late Friday as the dramatic collapse of digital assets continues to play out. Scroll down to catch up on the latest crypto headlines.X
Binance plans to launch an industry recovery fund for crypto projects facing liquidity crises in an effort to “reduce further cascading negative effects of FTX,” CEO Changpeng Zhao tweeted Monday.
Cryptocurrency Price Action
Bitcoin is still trading above $16,600 Friday afternoon, relatively unchanged from Monday but down 5% over the last seven days. The world’s largest cryptocurrency traded above $21,000 two weekends ago prior to the unraveling of leading crypto exchange FTX. The two-week meltdown pushed Bitcoin to two-year lows. And it’s traded between $16,200 and $17,000 the past week.
Ethereum is trading just over $1,200 after peaking at $1,277 for the week on Tuesday. The #2 crypto traded near $1,650 prior to the FTX collapse.
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