Cryptocurrency Prices And News: Bitcoin, Ethereum See Largest Jump In Two Weeks

Cryptocurrency Prices And News: Bitcoin, Ethereum See Largest Jump In Two Weeks...……………………

Cryptocurrency News: Bitcoin jumped to its highest mark in more than two weeks on Wednesday as Ethereum showed its best price action since Nov. 10, while the stock market held in tightly mixed territory ahead of a speech from Fed Chairman Jerome Powell. Scroll down to catch up on the latest crypto headlines.

Crypto lender BlockFi officially filed for bankruptcy on Monday after reporting "significant exposure to FTX."

FTX lawyers say a substantial amount of the bankrupt crypto exchange's assets are missing or stolen. Meanwhile, Cathie Wood keeps buying Coinbase (COIN) and GBTC stock.

Genesis says it doesn't plan to file for bankruptcy imminently. But the crypto broker and parent Digital Currency Group still face a major liquidity crunch, and fears of the fallout sent Bitcoin lower Monday.

With sky-high volatility, here's how to generate income on Bitcoin right now.

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Cryptocurrency Price Action
Bitcoin gained another 2.5% Wednesday morning to briefly reclaim $17,000 following the latest economic data announcements. The world's largest cryptocurrency is holding above two-year lows as fears of a liquidity contagion stemming from the FTX bankruptcy continue to rattle the industry. Bitcoin traded above $21,000 at the beginning of the month, prior to the unraveling of FTX.

Ethereum is holding at two-week highs after rebounding more than 4.5% Wednesday morning to reclaim $1,250. The #2 crypto traded above $1,600 prior to the FTX crash.