BREAKING: Market Mixed As It Tries To Shake Off Two Down Weeks
Cryptocurrency News: Cryptocurrency prices fell with the major indexes on Thursday following the Fed’s interest rate forecast for next year. Scroll down to catch up on the latest crypto headlines.
Former FTX CEO Sam Bankman-Fried was arrested in the Bahamas Monday night, and now faces criminal and civil charges from the Justice Department and SEC. SBF was scheduled to testify in front of the House Financial Services Committee on Tuesday prior to his arrest.
Click here to jump to more on today’s Cryptocurrency News.
Bitcoin fell more than 2% to $17,400 Thursday after briefly spiking above $18,300 to a one-month high on Wednesday following the latest economic data and Fed rate hike. The world’s largest cryptocurrency traded above $21,000 prior to the FTX collapse in early November.
Ethereum dropped more than 3% to fall below $1,270 on Thursday. The #2 crypto has fallen more than 20% from its early-November highs after the FTX crash.
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.
How Crypto’s Collapse May Have Done The Economy A Favor
The FTX Fallout Is Laying Crypto Bare. It’s Now Sink Or Swim For The Industry
Who’s Who In The FTX Collapse: From Sam Bankman-Fried To Caroline Ellison
Off The Books: FTX, Alameda Neglected To Keep Records Of Transactions
Want market-driving info delivered straight to your inbox? Sign up for IBD’s new daily newsletter by clicking the image below.
YOU MIGHT ALSO LIKE:
Get Stock Lists, Stock Ratings And More With IBD Digital
Find Stocks To Buy And Watch With IBD Leaderboard
Identify Bases And Buy Points With MarketSmith Pattern Recognition
Use Swing Trading Strategies To Find Opportunities & Manage Risk
12/12/2022 GBTC stock is a way investors can play Bitcoin. With the asset plunging amid the FTX collapse, is Grayscale Bitcoin…
12/12/2022 GBTC stock is a way investors can play Bitcoin. With…
Some investors took 2022’s lemons (devalued assets) and made lemonade. (© Chris Gash)
Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20!
Get market updates, educational videos, webinars, and stock analysis.
Learn how you can make more money with IBD’s investing tools, top-performing stock lists, and educational content.
Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the stocks they discuss. The information and content are subject to change without notice.
*Real-time prices by Nasdaq Last Sale. Realtime quote and/or trade prices are not sourced from all markets.
Ownership data provided by Refinitiv and Estimates data provided by FactSet.
© 2000-2022 Investor’s Business Daily, LLC. All rights reserved