Cryptocurrency prices rebounded on Friday’s jobs report to finish the week on a high note and reclaim key technical levels. Bitcoin and Ethereum are trading at their highest levels since late August. Still, prices have essentially moved sideways now for the past three months. From the latest Coinbase earnings report and Funko doubling NFT sales, to GameStop’s crypto initiatives, Elon Musk pumping Dogecoin and Binance’s potential role in Twitter — here is the top cryptocurrency news from the past week.
Be sure to also check this week’s coverage of cryptocurrency ETFs like BITQ, BLOK and BITS.
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Cryptocurrency News: Price Action
Bitcoin reclaimed $21,000 Friday after nearly falling to $20,000 Thursday morning following the Fed rate hike. The world’s largest crypto is up from roughly $19,300 last Monday. Meanwhile Ethereum rebounded above $1,640 after sliding toward $1,500 on Thursday. ETH is still well above its $1,340 level at the start of last week.
Cryptocurrency Prices Heat Map:
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…
