-
Cryptocurrency prices rebounding after 2022 slide, FTX collapse
Cryptocurrency prices are on the rise after a so-called “crypto winter” that was deepened by the collapse of the FTX exchange last year. Bitcoin was trading at around $42,400 on Tuesday, up from around $16,500 at this same time last year, according to CoinDesk. The digital currency has been on a significant rebound in 2023 following a sharp decline from its all-time high of around $68,000 in November 2021. Ethereum, another major coin, is up around 85% from this time last year. Bitcoin and other cryptocurrencies took a major blow in November 2022 following the collapse of FTX, the exchange founded by Sam ... (full story)