Bitcoin (BTC) jumps even as trader remain cautious after FTX collapse

The crypto market has been battered this year, with more than $2 trillion wiped off its value since its peak in Nov. 2021. Cryptocurrencies have been under pressure after the collapse of major exchange FTX.

Jonathan Raa | Nurphoto | Getty Images

Bitcoin jumped higher on Wednesday bouncing off the previous day’s two-year low, even as traders remain cautious over the possible contagion from the collapse of cryptocurrency exchange FTX.

The world’s largest digital currency rose more than 5% to…


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