Crypto Prices Slowly Recovering From Broad Selloff Amid the FTX Crisis

With FTX on the verge of collapse, the market turmoil retreated major crypto prices even as other assets surged after US inflation cools to 7.7%, lowest level since January.

Cryptocurrency prices today are slowly recovering from two days of sharp losses following the knock-off effects from FTX’s liquidity crunch news.

According to data collected from Coinmarketcap, Bitcoin (BTC) price today is $17,309, 5.23% up in the last 24 hours but 15.82% down in the last 7 days. The maiden crypto fell to its lowest this week to $15,711, and it was trading at $20,663 on Tuesday (-23.97%). Its market cap decreased 24% from $396 to $311 billion. Today, market cap is 4.23% up at $333 billion with a trading cap losing 31.74% at $72,064,326,093.61.

Ethereum (ETH) price today is $1,273.44, 8.44% up in the last 24 hours but 19.90% down in the last 7 days. ETH fell to a weekly minimum of $1,093 on yesterday, and it was trading at $1,602 on Tuesday (-31.77%). Its market cap decreased 31.79% from $195 to $133 billion. Today, market cap is 8.38% up at $156 billion with a trading cap losing 27.89.74% at $ 25,231,540,236.22.

The global crypto market capitalisation fell to $874.22 billion today, losing 15% in comparison with Tuesday values ($1.027.36 billion).  The total crypto market volume over the last 24 hours is $129.44B, which makes a 25.67% decrease.