Bitcoin heads toward best week since October as crypto collapse stabilizes
— Heads, Bitcoin, Crisis, Hartmann, Crypto, Stabilizes, Market, Price, Collapse, Week — 1 min read
Bitcoin rose about 11% for the week and is on pace for its best week since October. The value of bitcoin exceeded the threshold of $66,895 in October for the first time in history. Three Arrows, a crypto-focused hedge fund, filed for bankruptcy last week after a sharp decline in digital currency prices exposed a liquidity crisis at the firm. If the crypto industry can go a month without bad news or insolvencies, it's "very likely" that that market could double, an expert says. The market contagion could spread into smaller crypto exchanges or funds, he says. It's very likely that the market could go without any more bad news, he adds. The price rose as high as $22,478.37 Source