The past seven days were filled with a lot of information as the situation around FTX keeps unraveling. The former CEO of the exchange - Sam Bankman-Fried, had multiple appearances, but they may have spurred more questions than they answered. Before we get there, though, it's important to note that the market managed to add around $20 billion to its capitalization, which is a step in the positive direction. Bitcoin managed to gain 2%, while ETH is up a total of 6% in the past week. This week's best performer, for better or worse, is Dogecoin. DOGE skyrocketed a whopping 21% in a market that's struggling to recover. MATIC also performed very well, up 7% in the past seven days. As mentioned above, the week's highlights were the multiple appearances of SBF in a few interviews and podcasts. However, much of what he said was just an attempt to skew and deflect harder questions without providing a lot of concise information on how the whole thing came crashing down. |
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