Crypto industry recovery fund tops $2 billion as investor allocations grow

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City AM

By Darren Parkin Data from CryptoCompare shows that the price of Bitcoin started last week around the $16,000 mark and quickly plunged to a $15,500 low before it recovered. BTC traded around $16,500 before dropping back to $16,200 over the weekend. Ethereum’s Ether, the second-largest cryptocurrency by market cap, traded in a similar way, starting the week at $1,150 and plunging to a $1,050 low before surging to $1,200, where it spent most of the week. Over the weekend, ETH dropped to $1,150. Headlines in the cryptocurrency space this week focused on Biannce’s crypto industry recovery fund ini…

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