Good morning. Here’s what’s happening:
Prices: Bitcoin shifted from flying high above $25K to sinking to $23.6K over the course of Thursday.
Insights: Alameda Research ranked among the crypto industry’s largest market makers. Its collapse with its parent company FTX, has increasingly prompted startups to postpone their token launches.
Prices
Bitcoin Soars Early Past $25K, Tumbles Late Below $23.5K
CoinDesk Market Index (CMI)
1,098
−38.8 ▼ 3.4%
Bitcoin (BTC)
$23,618
−1187.6 ▼ 4.8%
Ethereum (ETH)
$1,646
−54.5 ▼ 3.2%
S&P 500
4,090.41
−57.2 ▼ 1.4%
Gold
$1,842
+8.2 ▲ 0.4%
Nikkei 225
27,696.44
+194.6 ▲ 0.7%
BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)
