The latest price moves in crypto markets in context for Sept. 19, 2023.
Bitcoin held just above $27,000 after rising to the highest since Aug. 31 as U.S. rates tradersgreater odds of the Federal Reserve keeping borrowing costs unchanged later this week and through the rest of the year.
The leading cryptocurrency by market value jumped to $27,220 Monday, having climbed almost 8% since the ominous-sounding death cross pattern appeared on its daily price chart a week ago. The advance since that bearish crossover of the 50-day simple moving average below the 200-day moving average as an unreliable standalone indicator. Bitcoin has retreated slightly since, trading at around $27,100. Solana’s SOL gained 3% on Tuesday and ether was up slightly at $1,643.founder and former CEO Sam Bankman-Fried's parents, Joseph Bankman and Barbara Fried, to"recover millions of dollars in fraudulently transferred and misappropriated funds,"
the company said in a Monday court filing. The filing, redacted in parts, asks the court to award the FTX estate damages, the return of any property given or payment made to the parents by FTX, and punitive damages resulting from"conscious, willful, wanton, and malicious conduct." According to the filing,"FTX Trading paid $18,914,327.
. The Singapore-based team includes some notable figures including Sally Wang, formerly of Sino Global Capital , Ethan Wang, former tech lead of Libra, Shawn Shi, co-founder of Alchemy Pay, as well as Michael Li, a former VP of Coinbase. “We understand that the journey of building groundbreaking technologies is not just about capital; it's about fostering a community of visionaries, pioneers, and founders who share our passion for innovation.
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