Major coins were traded on the green Thursday evening after it was revealed that FTX is studying the possibility of a restart for the bankrupt crypto exchange.
| cryptocurrency | profits | Price |
|---|---|---|
| Bitcoin | +1.57% | $21,075 |
| ether | +1.83% | $1550 |
| Dogecoins | +0.82% | $0.08147 |
What happened: Bitcoin BTC/USD regained the $21,000 level it lost the previous day and is up 1.5% in the past 24 hours. ether ETH/USD is up 1.83% to $1,550 and Dogecoins DOGE/USD rose 0.85% to $0.081.
The best intraday winners
| cryptocurrency | profits | Price |
|---|---|---|
| Frax stock | +19.06% | $10.23 |
| Enij coin | +15.46% | $0.41 |
| NEXO | +12.85% | $0.80 |
US stocks ended lower on Thursday as investors grappled with renewed fears of a potential recession. The Nasdaq Composite fell 0.9%, the S&P 500 fell 0.7% and the Dow Jones Industrial Average (DJIA) fell 0.7%, with investors holding back on purchases on fears that a potential recession could be imminent could be forthcoming.
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“Bitcoin is higher today, mostly finding support pre-$20,000. The crypto space is being cleaned up and until we see a major reputable exchange go under, traders will mostly shrug off news of the demise of smaller crypto companies,” he said Ed Moya, a senior market analyst at OANDA, in a note from Benzinga.
Crypto Analyst Michael van de Poppe warned investors not to get overly excited about what’s to come genesis Fall, but noted that there is still some momentum in the market. He emphasized that the crucial area to watch right now is between $21,100 and $21,300 for BTC.
rect capitala pseudonymous analyst, believes that if the ongoing bitcoin uptrend follows that of 2019, its price could easily reach as high as $32,000 in the coming months.
Continue reading: FTX’s new CEO wants to revive defunct cryptocurrency exchange: What you need to know