Bitcoin is ending the week mired within the slim vary that has existed because the collapse of the FTX trade, whereas Coinbase International Inc. and miners continued their declines towards file lows because the crypto winer grows colder.
The biggest cryptocurrency by market worth was little modified at about $17,113 as of 5 p.m. in New York, simply off the two-year low reached on Nov. 21. FTX sought chapter safety on Nov. 11. Bitcoin is down greater than 60% this yr. The Bloomberg Galaxy Crypto Index dropped lower than 2% this week, and is down 67% in 2022.