Bitcoin Holds Steady Through FTX Gloom

Bitcoin, ether and most other major cryptos were holding surprisingly strong, even as investors wrestled with the growing gloom from exchange giant FTX’s implosion. The collapse of US exchange FTX will have a significant impact on crypto The largest cryptocurrency by market capitalization was recently holding steady above its most recent $16,000 support, up a fraction of a percentage point over the past 24 hours, although some crypto market observers believe that it could dip to lower levels.

The world's biggest and most well-known cryptocurrency gained nearly 2 per cent on Tuesday to near the $17,000 mark, after dropping to below $16,000 following the news of the FTX bankruptcy.

Bitcoin, Ethereum, Dogecoin Stay Steady Amid FTX Contagion Fears

Cryptocurrency markets have been slammed by the sudden bankruptcy of exchange FTX, with prices for most digital assets plummeting in the past week. Amid the carnage, some traders are upping their bets on Bitcoin.

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