Cryptocurrency News And Price Weekly Wrap-Up For Nov. 18, 2022 – Investor's Business Daily

wp header logo 161.png

TRENDING: FDA Delivers Stunning Blow To Top Drugmaker
Register for Virtual SummitRegister for Virtual Summit
Cryptocurrency prices ended the week roughly where they started, continuing to hold above lows as the FTX fallout continued to materialize. The results showed Bitcoin and Ethereum effectively bouncing back from the hit caused by the Genesis Global bankruptcy rumblings. Scroll down to catch up on the top crypto headlines from the week.
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.
Bitcoin briefly topped $16,500 again on Friday afternoon, up from Monday’s low and narrowing the gap to its Nov. 10 recent near-term high. The world’s largest cryptocurrency sank to two-year lows Monday on renewed fears the liquidity contagion could affect other players. Bitcoin had traded above $21,000 at the beginning of the month — prior to the unraveling of crypto exchange FTX.
Ethereum perked above $1,200 Friday, up more than 11% from a Tuesday low, and about 10% from a Nov. 10 high. A suspected hacker transferred $477 million in cryptocurrencies from FTX on Nov. 12 and swapped them for Ethereum, according to Blockchain analysis firm Elliptic. The hacker began dumping the Ethereum for Bitcoin on Monday, sending the price lower.

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.
Want market-driving info delivered straight to your inbox? Sign up for IBD’s new daily newsletter by clicking the image below.

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
3:15 AM ET Cryptos are off to a fast start in 2023 but the Bitcoin price rally may be short-lived, one analyst warns….
3:15 AM ET Cryptos are off to a fast start in 2023 but…
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.
© 2000-2023 Investor’s Business Daily, LLC. All rights reserved


Leave a Reply

Your email address will not be published. Required fields are marked *