• Prices: Bitcoin drifted lower in Tuesday trading, albeit not by much as crypto prices remain largely frozen near levels they’ve held for a week.
• Insights: CoinDesk’s Chief Insights Columnist David Z. Morris zeroed in on the seriousness of crypto exchange giant FTX CEO Sam Bankman-Fried’s offenses, leading to the U.S. Department of Justice subsequently charging him with wire fraud and other alleged crimes.
• Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.
Tuesday’s crypto market saw yet another day of relative stability as Bitcoin prices stagnated near their current levels. BTC was recently trading at $16,700, off 1.3% over the past 24 hours, as investors continued their year-end hibernation.
Crypto prices remain frozen near the levels they’ve held for much of the past two weeks. This has been an unprecedented level of stability for the notoriously volatile asset class. It is largely in part to the recent news of a major crypto exchange’s CEO being charged with wire fraud and other alleged crimes.
On November 2020, CoinDesk’s Chief Insights Columnist David Z. Morris wrote a story that led to the implosion of crypto exchange giant FTX. The story zeroed in on the seriousness of CEO Sam Bankman-Fried’s offenses, which prompted U.S. Department of Justice to subsequently charge him with wire fraud and other alleged crimes. After posting bail, Bankman-Fried is confined to his parents California home except to exercise, and must wear a tracking device.
To keep up with the latest news and insights for the crypto market, CoinDesk offers its viewers and readers the chance to watch CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Additionally, CoinDesk also provides its daily newsletter “First Mover” which offers readers with the latest moves in crypto markets in context.
Despite the recent news, Bitcoin remains resilient over the past two months, despite the winter storms plaguing the U.S. and the coronavirus pandemic still raging in many countries. This level of stability could prove to be a promising sign for crypto investors in the upcoming year.