Crypto markets take a breather as FTX heist unfurls


Taking action: The logo of FTX is seen at one of the parking entrances of the FTX Arena in Miami, Florida. — Reuters

NEW YORK: Prices across cryptoassets were broadly flat on Saturday, as traders weighed their next move following a market sell-off in the wake of failed crypto exchange FTX.com’s plunge into bankruptcy.

The two largest tokens by value, bitcoin and ether, were largely unchanged after steep declines during the week. One standout on the upside was dogecoin, which jumped more than 10% after Tesla boss Elon Musk touted the coin on a Twitter Spaces conversation.

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