Bitcoin Extends Gains as Investors Await Recovery Fund Details
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Cryptocurrencies pushed higher on Tuesday as investors awaited more details about an industry recovery fund promised by Binance Holdings.
Cryptocurrencies pushed higher on Tuesday as investors awaited more details about an industry recovery fund promised by Binance Holdings Ltd.'s Chief Executive Officer Changpeng ‘CZ' Zhao.Bitcoin, the largest token, climbed toward $17,000 with a gain of about 2%, while second-ranked Ether added a similar percentage as of 1:20 p.m. in Hong Kong. The moves provided some respite from a damaging selloff triggered by the descent into bankruptcy of Sam Bankman-Fried's FTX exchange. Digital assets linked to his now-fallen empire, such as Solana and Serum, stabilized. So did Cronos, the native coin of Crypto.com, whose platform is under scrutiny for ...