Bitcoin investment grows by 16.7%, as FTX recovers $5bn assets

Bitcoin (BTC) appreciated in value this week on the back of fund recovery in bankrupt cryptocurrency exchange platform, Futures Exchange (FTX).

Bitcoin had closed January 8, 2023 with $17,074.62, but according to analysis of figures obtained from bitcoin price aggregator, CoinGecko, it closed Friday with $19,941.78.

The price tag of bitcoin increased by $2,867.16 during the period in review, and in similar fashion, Ripples Nigeria analysis showed that investment of BTC investors grew by 16.7 per cent within five days.