FTX recovers $5 billion of liquid assets, SEC charges Gemini and Genesis, and the crypto market bounces back

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City AM

By Darren Parkin According to CryptoCompare data, the price of the flagship cryptocurrency Bitcoin (BTC) moved up significantly over the past week, starting at around $17,000 and quickly rising to test resistance at $21,000. Ethereum’s Ether, the second-largest cryptocurrency by market capitalisation, has moved in a similar way. After starting the week at around $1,300, the cryptocurrency surged to $1,550 where it’s currently trading. Bitcoin finished the year 2022 with its third negative annual performance in 14 years, closing at $16,531. While the 64.2% decrease in value for the year was not…

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