Cryptocurrency Prices And News: Bitcoin, Ethereum Rally Slows | Investor's Business Daily
Cryptocurrency Prices And News: Bitcoin, Ethereum Rally Slows | Investor’s Business Daily
Cryptocurrency News: Bitcoin and Ethereum stalled on Monday as cryptocurrency prices pulled back some over the weekend after Friday’s rally on the October jobs report. Scroll down to catch up on the latest price action and cryptocurrency news.
X Coinbase ( COIN )continues to struggle and posted more losses for its Q3 results late Thursday . Still, COIN stock leapt more than 8% early Friday following the report.
Funko ( FNKO ) doubled its Digital Pop! NFT sales in Q3 and averaged $500,000 in revenue per release. Still, FNKO stock is tanking after the major earnings miss.
Binance seems interested in taking an active role in Twitter’s ( TWTR ) operations since investing $500 million in Elon Musk’s buyout. Here’s the first task the crypto exchange wants to tackle.
Elon Musk’s Dogecoin Tweet from Halloween night inspired a wave of scam cryptos sparked another price jump for DOGE.
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Cryptocurrency Price Action Bitcoin is fell below $20,700 on Monday after nearing $21,500 over the weekend. The world’s largest crypto continues to trade between support at its investor cost basis of $18,814 and resistance at its 200-week moving average of $23,460. And it has done so for the past three months, according to ARK Invest’s monthly Bitcoin report.
Ethereum slid back toward $1,570 as of late Monday after bouncing off $1,650 over the weekend. It’s found support around $1,500 since late October.
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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
