Bankrupt cryptocurrency exchange FTX had around $1.4 billion in cash as of the end of 2022 according to an update filed Wednesday and ARK Invest maintains its prediction that bitcoin prices will hit $1 million by 2030.. LedesmaLyllah Reports
. Fundamentals are sound despite a turbulent 2022, according to the ARK's 2023 Big Ideas research report. “Contagion caused by centralized counterparties has elevated Bitcoin’s value propositions: decentralization, auditability, and transparency,” writes Cathie Wood and team. ARK backs up this claim by pointing to a higher hash rate, long-term holder supply, and addresses with a non-zero balance compared to the prior downturns.
In the past, the greenback has bounced after sharp declines of the magnitude seen in recent weeks, meaning the rally in crypto markets could soon hit the wall.
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