Market snapshot – crypto prices stage a recovery

Last week’s across-the-board rout in crypto assets was the most dramatic we have seen in weeks, with the liquidation on Friday and Saturday the largest on record in dollar terms at over $19 billion. The relentless move lower culminated on Saturday as bitcoin returned to $110,00 and Ether tumbled to a two-month low. But signs of a recovery have been seen in early trading, as the shock of Friday’s Trump post on Truth Social fades and signs of détente emerge in the US-China trade spat. 

In the news

The UK has lifted its ban on crypto exchange-traded notes (ETNs), allowing retail investors to buy bitcoin and ether ETNs for the first time through regulated exchanges such as the London…