Bitcoin blasted past $24.7K, hitting its highest level since August; BLUR, the token of the NFT marketplace Blur, surged on Tuesday and continued its momentum. JPRubin23 and ShauryaMalwa report.
Just when bitcoin seemed likely headed for points south, investors sent the largest cryptocurrency by market capitalization upward, largely on the strength of a short squeeze.
Wednesday's spike followed a tepid Consumer Price Index that had investors feeling less anxious about the U.S. economy's future and the Fed's next monetary policy moves. Ether enjoyed an almost equally upbeat day, blasting past $1,700 before settling slightly below this threshold. The second largest crypto in market value was recently up more than 9%. Other major turned bright green over the course of the day with YGG, the token of play-to-earn gaming guild Yield Guild Games, and NEAR, the native crypto of smart contracts platform Near Protocol, each recently rising well over 11%.
The sad saga of FTX continued as U.S. federal prosecutors asked a judge of the U.S. District Court for the Southern District of New York to modify the terms of FTX founder Sam Bankman-Fried's release on bond to ban him from using cellphones or the internet except under very specific conditions. prosecutors alleged that Bankman-Fried used a virtual private network at least twice, supposedly to watch National Football League playoff games.
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