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Bitcoin Rallies As FTX Fears Subside
Following the heavy selling we saw across August, Bitcoin prices have turned higher in recent sessions. BTC futures have rallied off the September lows printed last week, trading higher by around 8.5% into the European morning on Monday. BTC came under fresh selling pressure last week amidst fears over the sale of FTX’s assets. The bankrupt broker gained court approval to begin the sale of its roughly $3.4 billion worth of digital assets, including almost $500 million worth of Bitcoin. FTX Fears Subside Traders feared a huge wave of supply hitting the market would send crypto prices plunging across the board. ... (full story)