BREAKING: China Protests Weigh On Stock Market
Cryptocurrency News: Cryptocurrency prices are down Monday as China Covid lockdown protests send global markets lower following the holiday weekend. Scroll down to catch up on the latest headlines.
Crypto lender BlockFi officially filed for bankruptcy on Monday after reporting “significant exposure to FTX.”
FTX lawyers say a substantial amount of the bankrupt crypto exchange’s assets are missing or stolen. Meanwhile, Cathie Wood keeps buying Coinbase (COIN) and GBTC stock.
Genesis says it doesn’t plan to file for bankruptcy imminently. But the crypto broker and parent Digital Currency Group still face a major liquidity crunch, and fears of the fallout sent Bitcoin lower Monday.
With sky-high volatility, here’s how to generate income on Bitcoin right now.
Click here to jump to more on today’s Cryptocurrency News.
Bitcoin shed more than 2% by Monday afternoon, falling near $16,200 from its overnight high above $16,500. The world’s largest cryptocurrency is fighting to stay above two-year lows as fears of a liquidity contagion stemming from the FTX bankruptcy could spread throughout the industry. Bitcoin traded above $21,000 at the beginning of the month, prior to the unraveling of FTX.
Ethereum sank more than 3.6% Monday, falling to $1,170 from $1,215 last night. The #2 crypto traded above $1,600 prior to the FTX collapse.
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
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11/25/2022 Crypto News Weekly Wrap-Up: Catch up on the top headlines from the past week
11/25/2022 Crypto News Weekly Wrap-Up: Catch up on the top headlines…
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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.
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