The daily crypto: the trauma has passed, the surges are back

Digital currencies jumped sharply over the weekend, returning to a total value of over $1 trillion for the first time since the week that crypto exchange FTX announced bankruptcy (and, in fact, two days before that announcement, when major competitor Binance canceled its buyout/salvage deal). According to the website CoinGecko, the 12,600 active coins on the market jumped 7.5% over the weekend, to a value of $1.02 trillion, which is a weekly jump of 14%, although it is still 54% lower than the same date in 2022.