Bitcoin hovers near $21K after early weekend surge. Also, Sam Reynolds writes that Ark Invest's Cathie Wood is correct in thinking that disruptive innovation technologies that address issues have gained traction. JPRubin23 and thesamreynolds report.
By James Rubin
"We see the current rally in digital assets as a market reversal and NOT a bear market rally," wrote Mark Connors, head of research at Canadian digital asset manager 3iQ, in an email. 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.
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