Good morning. Here’s what’s happening:

Prices: Analysts take a look at what comes next after last week‘s downturn in bitcoin and ether prices.

Insights: Taylor Swift showed common sense in asking the sort of critical questions of FTX that any business negotiation should include, CoinDesk columnist David Morris suggests.

Prices

CoinDesk Market Index (CMI) 1,208 +9.6 ▲ 0.8 Bitcoin (BTC) $27,779 +230.4 ▲ 0.8 Ethereum (ETH) $1,875 +18.9 ▲ 1.0 S&P 500 4,133.52 +3.7 ▲ 0.1 Gold $1,994 +14.4 ▲ 0.7 Nikkei 225 28,564.37 −93.2 ▼ 0.3 BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)