Cryptocurrency prices remained relatively unchanged on Friday night as the dramatic meltdown in digital assets continues to unfold. Bitcoin and Ethereum have been trading sideways since Monday, after falling last weekend. Scroll down to catch up on the latest headlines in crypto, including the latest on FTX bankruptcy and how to earn money with Bitcoin right now.
Also be sure to check out this week’s coverage of Cryptocurrency ETFs like BITQ, BLOK and BITS.
Click here for the latest cryptocurrency prices and news. And if you’re new to the world of bitcoin, ethereum, blockchain and more, stop by our What is Cryptocurrency page.
Cryptocurrency price action
Bitcoin was holding above $16,600 on Friday afternoon, relatively unchanged from Monday but down 5% over the past seven days. The world’s largest cryptocurrency traded above $21,000 two weekends ago – just before major crypto exchange FTX was taken down. The two-week slump pushed Bitcoin to its lowest level in two years. And it traded from $16,200 to $17,000 over the past week.
Ethereum is trading just over $1,200 after peaking at $1,277 for the week of Tuesday. The #2 crypto was trading near $1,650 before FTX crashed.
Cryptocurrency price heatmap:
Investments in digital assets are extremely volatile. Although the fundamentals and technical indicators of cryptocurrency may differ, investors should focus on the same key objectives. First, stay protected by learning when it’s time to sell, reduce losses Where capture profits. Second, get ready to enjoy if the cryptocurrency starts to rebound.
Despite their initial promise, cryptocurrencies have not acted as inflation hedges. Instead, they tend with the broader indexes. Lily Overview and pulse of the market to follow daily market trends.
View IBD Best Cryptocurrencies and Crypto Stocks to Buy and Watch page to help you navigate the world of digital asset investments.
Want a deeper dive into crypto? Check What is Cryptocurrency? explanatory page.
Read more cryptocurrency news
Want to receive market insights straight to your inbox? Sign up for IBD’s new daily newsletter by clicking on the image below.
YOU MIGHT ALSO LIKE: