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Bitcoin jumps above $18,000 to highest level in a month, as FTX lawyers recover $5 billion
Bitcoin on Thursday surged to its highest price in nearly a month, as traders bet on a U.S. inflation cooldown and digested news that lawyers for defunct crypto exchange FTX found billions of dollars’ worth of assets. The world’s largest digital currency climbed above $18,000 for the first time since Dec. 14 late Wednesday, increasing in value by about 5% in the last 24 hours. Bitcoin was trading at $18,154.35 as of 5 a.m. ET Thursday morning, according to CoinMetrics data.On Wednesday, attorneys for collapsed crypto exchange FTX said they had found around $5 billion in “liquid” assets, including cash and ... (full story)