Possible Legal Filings Could Clarify FTX’s Relationship to Alameda; Bitcoin Hovers Near $17K

The largest cryptocurrency by market capitalization was recently trading at $16,970 a more than 4% gain over the past 24 hours as investors filled with new hope about the economic future returned to riskier assets. At one point, BTC rose more than 13% to trade near $18,000. A Wednesday plunge, spurred by the ongoing FTX unraveling, had sent its price to two-year lows.