Cryptocurrency News And Price Weekly Wrap-Up For Nov. 18, 2022
Cryptocurrency prices were relatively unchanged late Friday as the dramatic collapse of digital assets continues to play out. Bitcoin and Ethereum have traded sideways since Monday, after falling through last weekend. Scroll down to catch up on the latest crypto headlines, including the latest insights on FTX’s bankruptcy and how to generate income with Bitcoin right now.
Be sure to also check 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 held above $16,600 Friday afternoon, relatively unchanged from Monday but down 5% over the last seven days. The world’s largest cryptocurrency traded above $21,000 two weekends ago — just prior to the unraveling of leading crypto exchange FTX. The two-week meltdown pushed Bitcoin to two-year lows. And it’s traded from $16,200 to $17,000 through the past week.
Ethereum is trading just over $1,200 after peaking at $1,277 for the week on Tuesday. The No. 2 crypto traded near $1,650 prior to the FTX collapse.
Cryptocurrency Prices Heat Map:
Digital asset investments are extremely volatile. While cryptocurrency’s fundamentals and technical indicators may differ, investors should focus on the same key objectives. First, stay protected by learning when it’s time to sell, cut losses or capture profits. Second, prepare to profit if the cryptocurrency starts to rebound.
Despite their original promise, cryptocurrencies haven’t acted as hedges against inflation. Instead, they’ve trended with the broader indexes. Read The Big Picture and Market Pulse to track daily market trends.
View IBD’s Best Cryptocurrencies And Crypto Stocks To Buy And Watch page to help navigate the world of digital asset investments.
Want a deeper dive into crypto? Check out the What Is Cryptocurrency? explainer page.
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