Bitcoin was up o.6% at the close of U.S. markets, trading around $19,460 while traditional markets reversed earlier losses to close higher.
The biggest cryptocurrency is up almost 16% over the past seven days, according to CoinGecko.
The S&P 500 and Nasdaq both started the day lower, only to close at 0.38% and 0.71%, respectively.
Bitcoin returned to the $19,000 level on Thursday for the first time since Nov. 8, when the FTX implosion was kicking off.
Coinbase closed up more than 5%, Silvergate rose above 3% and Galaxy Digital increased 1.72%.
Disclaimer: Beginning in 2021, Michael McCaffrey, the former CEO and majority owner of The Block, took a series of loans from founder and former FTX and Alameda CEO Sam Bankman-Fried. McCaffrey resigned from the company in December 2022 after failing to disclose those transactions.
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Source: https://www.theblock.co/post/202283/bitcoin-steady-above-19000-at-the-us-close-as-traditional-markets-rise?utm_source=rss&utm_medium=rss