Bitcoin Returns to Its Winning Ways
, 2023-01-19 21:46:00,
Good morning. Here’s what’s happening:
Prices: After dipping early Thursday, bitcoin returned to the green; other major cryptos also rose.
Insights: Cobo, the asset management platform, is adopting a key tenet of traditional finance – a distinct custodian and settlement network for trading.
Prices
1,005.53
+18.1 ▲ 1.8%
$21,084
+331.1 ▲ 1.6%
$1,553
+29.3 ▲ 1.9%
S&P 500 daily close
3,898.85
−30.0 ▼ 0.8%
Gold
$1,931
+8.4 ▲ 0.4%
Treasury Yield 10 Years
3.4%
▲ 0.0
BTC/ETH prices per CoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET
Bitcoin Returns to Its Winning Ways
By James Rubin
After dipping early Thursday, bitcoin surged back to its most recent foothold comfortably above $21,000.
The largest cryptocurrency by market capitalization was recently trading at about $21,190, up 1.6% over the past 24 hours, as investors shrugged off the latest fallout from disgraced crypto exchange FTX and conflicting economic data. BTC continued on the more upbeat path throughout 2023.
“Bitcoin is finding support ahead of the $20,000 level,” Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email. “The crypto space is getting cleaned up and as long as we don’t see a major reputable exchange go under, traders may mostly shrug off news of the demise of smaller crypto companies.”
Ether followed a similar trajectory, falling early before landing in the green. The second…
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