Ether followed a similar pattern to bitcoin, continuing its late-week momentum into Saturday to hit a two-month high before falling slightly. ETH was recently changing hands above $1,550, approximately where it stood same time, a day earlier. Other major cryptos were mixed with some rising a couple of percentage points and others dropping, although FTT, the token of embattled crypto exchange FTX, recently jumped 35% to trade just over $2. Seven months ago, FTT was trading over $35. SOL, the token of the Solana blockchain, which has been rallying over the past few weeks despite its intertwining with the FTX debacle, fell back about 5%.
Source: https://www.coindesk.com/markets/2023/01/16/first-mover-asia-bitcoin-surges-on-inflation-tailwinds-hovers-near-21k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines