• Bitcoin drifted lower in Tuesday trading, but prices remain largely frozen near levels they’ve held for a week.
• CoinDesk revisited a few of its most impactful stories from the past year, including one that led to the implosion of crypto exchange giant FTX in November.
• Bitcoin was recently changing hands at $16,700, off 1.3% over the past 24 hours but near its most recent support just under $17,000.
On Tuesday, the crypto markets continued to show signs of relative stability, with Bitcoin (BTC) prices drifting lower but remaining largely frozen near levels they’ve held for a week. As the year draws to a close, CoinDesk is taking a look back at some of its most impactful stories from the past year, including one that led to the implosion of crypto exchange giant FTX in November.
The market’s largest cryptocurrency by market capitalization was recently trading at $16,700, down 1.3% from the previous 24-hour period. However, BTC continues to remain near its most recent support of just under $17,000. Further, the S&P 500 closed at 3,829.25, down 0.4% from the previous day, and gold prices rose 1.4% to $1,821.
CoinDesk’s Chief Insights Columnist David Z. Morris examined the serious offenses of FTX CEO Sam Bankman-Fried, which resulted in the U.S. Department of Justice charging him with wire fraud and other alleged crimes. After posting bail, Bankman-Fried is now confined to his parents’ California home except to exercise, and must wear a tracking device.
For further insights on the crypto markets, CoinDesk TV offers insightful interviews with industry leaders and analysis. Additionally, First Mover, CoinDesk’s daily newsletter, provides readers with the latest market moves in context.
Overall, the crypto markets remain largely frozen near levels they’ve held for the past week, while CoinDesk is reviewing the most impactful stories of the year. Bitcoin prices have remained resilient despite the winter blues, with prices currently trading at $16,700. With the year drawing to a close, investors and traders alike should stay informed of the latest news and developments in the crypto world.