Cryptocurrencies are rebounding after the “FTX” shock. Bitcoin rises by 14% and Ether by 21%

Cryptocurrencies are trying to recoup their losses after a huge drop on Wednesday, and have recovered some after Binance Holding’s withdrawal of its offer to buy hurt them.

The bitcoin it rose as much as 14% to around $ 17904, marking a decline in as Thursday’s data showed that US inflation slowed more than expected in October.

The largest cryptocurrency by market cap has already recouped some of its losses prior to the release of the CPI data. It was down to $ 15,574 on Wednesday, a level not seen since November 2020.

Meanwhile, Ether gained 21%, while other cryptocurrencies outperformed the two token larger. Solana grew up to 49% after losing nearly 50% in a week. Dogecoin jumped 30%.

On the other hand, there aren’t any prove that an important fund or other market maker in the cryptocurrency arena is located in A situation of difficulty similar to that of FTX, said Ilan Solot, co-head of digital assets at Marex Solutions, said Bloomberg.

The cryptocurrency markets have been turbulent due to the crisis that hit the FTX platform, which until a few days ago was considered one of the best crypto entities.

The token FTX is in downside and is now close to $ 4 after trading close to $ 25 just a week ago.

Despite the breakeven losses on Thursday, Bitcoin is still in 14% drop this week. He had achieved a record of $ 69,000 a year ago.

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