Cryptocurrency Prices And News: Bitcoin Bounces On Inflation Data

Cryptocurrency Prices And News: Bitcoin Bounces On Inflation Data

Cryptocurrency News: Bitcoin is leading cryptocurrency prices higher Tuesday morning following the latest read on inflation with the Labor Department’s producers price index report. Still, most major digital assets are down nearly 20% over the last 10 days in the wake of FTX’s bankruptcy. Scroll down to catch up on the latest crypto headlines.




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Cryptocurrency Price Action

Bitcoin is trending above $16,900 early Tuesday and approaching its highs from Monday after reversing from overnight lows below $16,200. The world’s largest cryptocurrency traded above $21,000 two weekends ago prior to the unraveling of FTX. The two-week meltdown pushed Bitcoin to two-year lows.

Ethereum reversed above $1,270 Tuesday morning after sliding to $1,209 late Monday. The #2 crypto traded near $1,650 prior to the FTX collapse.

Cryptocurrency Prices Heatmap:

Most Popular Cryptocurrencies

Scroll down for more cryptocurrency news and price updates.

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.

More Cryptocurrency Prices

Note: MicroStrategy is a software company that converts its cash into Bitcoin and heavily invests in cryptocurrency. Former CEO and Board Chairman Michael Saylor claims MSTR stock is essentially a Bitcoin spot ETF.

Top NFT Sales And Collections

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More Crypto News From Dow Jones

Silicon Valley Poured Money Into FTX, With Few Strings Attached

Crypto Billionaire Sam Bankman-Fried’s Net Worth Could Shrink By Over $13 Billion

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