Bitcoin’s Big Reversal Following FTX Mess, Bullish CPI Data, Oversold Conditions

Bitcoin (CRYPTO: BTC) rebounded about 10% on Thursday after plunging a total of 23% over the course the previous two 24-hour sessions where the drama surrounding FTX (CRYPTO: FTT) had a captivating impact on crypto trading. Extreme fear and widespread selling occurred after it was reported that FTX mishandled customer funds.