Cryptocurrency Prices And News: Bitcoin Briefly Hits One-Month High | Investor's Business Daily
Cryptocurrency Prices And News: Bitcoin Briefly Hits One-Month High | Investor’s Business Daily
Cryptocurrency News: Cryptocurrency prices were mixed late Wednesday following the Federal Reserve rate hike and interest rate forecast next year. Bitcoin and Ethereum briefly jumped to one-month highs before retreating back to their Tuesday levels. Scroll down to catch up on the latest crypto headlines.
X 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.
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Cryptocurrency Price Action Bitcoin briefly leapt to $18,356 on Wednesday before retreating back to $17,800, up 0.3% from its Tuesday price. The world’s largest cryptocurrency traded above $21,000 prior to the FTX collapse in early November.
Ethereum rose to $1,350 by midday Wednesday before falling back to $1,310 by the afternoon. The #2 crypto is rising against early-November highs and traded above $1,600 prior to the FTX crash.
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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 Read More Cryptocurrency News