Bitcoin, Ethereum Post Modest Thanksgiving Gains as Crypto Market Claws Back $12B

From decrypt.co

Crypto markets appear to have turned a corner after the collapse of Sam Bankman-Fried's crypto empire. In the last 24 hours, Bitcoin has risen roughly 1.5% and is trading at just over $16,600. On the weekly, however, the market's largest cryptocurrency is still in the red, per CoinGecko. Ethereum also posted modest gains on Thanksgiving day, rising 4% in the past day and hitting $1,200 at press time. Both tokens are, however, down a whopping 75% from their all-time highs set last winter. The broader crypto market rose from just over $857 billion to $871 billion. Despite the roughly $12 billion reclaimed, the industry ... (full story)