Bitcoin traded at its highest price since June 2022 overnight, touching US$31,818 on the Bitstamp exchange.

In the highest-profile crypto blowup to date, FTX filed for protection in the US after traders pulled US$6 billion (about RM27.4 billion) from the platform and rival exchange Binance abandoned a rescue deal.

Global stocks have enjoyed a massive bounce in recent days thanks to optimism over peace talks between Moscow and Kyiv and after Beijing's signal that it was ready to shore up markets and ease off its tech crackdown.