Bitcoin’s week has been a microcosm of the crypto market’s volatility — surging to a record near US$124,500 on Thursday before plunging more than US$5,800, or 4%, in less than 24 hours, rattled by hotter-than-expected US wholesale inflation data. The world’s largest cryptocurrency has since clawed back part of those losses, hovering in the US$118,000–120,000 range and showing signs of stabilising as buyers step back in.
Ethereum, meanwhile, has managed to hold onto more of its recent gains. The number two token by market value briefly touched US$4,790, just shy of its all-time high, ending at US$4,634, and remains one of the best performers among major digital assets this year. Support has come from strong inflows into…
