$BTC experienced choppy price action during U.S. trading hours, retracing all of its earlier gains. As of now $BTC is trading at $92,779 and $ETH is trading at $3,361. Bitcoin dominance stands at 57.83%.
According to FTX creditor Sunil, FTX holds $13 billion in cash and has applied to retain $6.5 billion. They are expected to distribute approximately $6.5 billion to $7.5 billion in the first distribution.
A few notable headlines include: MicroStrategy has acquired 2,138 BTC for $209 million at an average price of $97,837 per bitcoin, and Tether transferred 7,629 BTC (worth approximately $700 million) to its Bitcoin reserve address.
Over the past 24 hours, the top gainers were $AI16Z, $ZEREBRO, and $DEXE, while the top losers were $TKX, $VANA and $HNT.
