Cryptocurrencies and equities posted significant gains Thursday following several sessions in the red as inflation data came back better-than-expected and digital asset traders digested the fall of FTX.
Bitcoin and ether rebounded Thursday, rallying 12% and 21%, respectively. The bounce back comes a day after both currencies extended losses Wednesday when Binance backed out of the deal investors were hoping would save the industry.
“This week’s events also underline the power of bitcoin as a genuinely decentralized cryptocurrency offering financial self-sovereignty to the individual — in stark contrast to supposedly reputable tokens that can be wiped out overnight,” a note from analysts at SatoshiLabs’ crypto hardware wallet, Trezor, read. “These crypto earthquakes stimulate a consumer response.”
Equities also ended the trading session in the green, thanks to lowered fears over inflation and heightening concern over a recession. The S&P 500 and Nasdaq closed 6% a
We współpracy z: https://blockworks.co/news/inflation-cools-bitcoin-and-stocks-bounce/
