Federal Reserve pushes for reducing rate hike “soon.” FTX bankruptcy prompts crypto recovery. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Bitcoin was trading around $16,000, after a two-day winning streak.For the month, the cryptocurrency is off 19% and down 64% year-to-date.Dogecoin was trading at 8 cents, after losing 4% in the past week.Elon Musk sets the record straight on FTX's Sam Bankman-Fried and Twitter sharesTwitter CEO Elon Musk is setting the record straight on FTX’s disgraced founder Sam Bankman-Fried and his alleged ownership of Twitter shares.
In a series of tweets Wednesday afternoon, Musk called out a"fake news" report that alleged Bankman-Fried rolled his $100 million holdings of Twitter, when it was public, into private shares. Musk discredited a report, written by Semafor’s Liz Hoffman, alleging Bankman-Fried"owns a sizable chunk of a now privately held and debt-laden Twitter." Hoffman cited a"FTX balance sheet prepared after the takeover closed on Oct. 28 and circulated to investors earlier this month."
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