Bitcoin showed signs of recovery after a disastrous week in which over US$1.3tn was wiped from the cryptocurrency markets. Having fallen over 27% following the collapse of FTX � formerly the world�s second-largest digital asset exchange � bitcoin managed a healthy 10% recovery on Thursday, and is today changing hands at US$17,300. Though still US$5,000 down from its pre-crash position, there is at least some evidence of a sharp recovery. Bitcoin was largely unaffected by the FTX crash, and the currency remains highly liquid, so this week�s events shone a light on the efficacy of crypto contagion in spreading through the market. Ethereum is also showing strong evidence of a recovery. Having lost 35% of its market value ths week, the second-largest cryptocurrency bounced back nearly 20% to change hands for US$1,270 as of Friday morning. #ProactiveInvestors #TheCryptoReport #bitcoin #ethereum #ftx #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews