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After a brutal stretch, a remarkable thing is happening: Cryptocurrencies are surging
After a tumultuous period, cryptocurrencies are staging a big recovery. Crypto had been rocked since the collapse of several major companies in 2022, including FTX, which had become one of its biggest and best recognized players. Its failure deepened a so-called "crypto winter" that sent bitcoin to around $16,500, a sharp decline from its record high of around $68,000 on Nov. 8, 2021. But something remarkable has happened since FTX CEO and founder Sam Bankman-Fried was convicted in November: bitcoin and other cryptocurrencies have staged an impressive comeback. Bitcoin, for example, has surged to above $43,000. ... (full story)