[ad_1]
Cryptocurrency News: Cryptocurrency prices rose on Friday afternoon to finish off the week’s rally on a high note. Bitcoin and Ethereum recovered to their highest levels since late August. Prices have essentially moved sideways now for the past three months. With another week coming to an end, here are the top crypto headlines for the day.
X
Crypto exchange Binance confirmed it contributed $500 million to Elon Musk’s purchase of Twitter (TWTR).
Twitter (TWTR) is testing new NFT Tweet Tiles, which will allow users to display their NFTs with links to various marketplaces. Twitter is currently testing integrations with Solana-based Magic Eden, Rarible, Dapper Labs and Jump.trade.
Popular memecoin Dogecoin rallied 35% this week, boosted by the rise in crypto prices and Elon Musk’s takeover of Twitter. Musk repeatedly touted the cryptocurrency and shared related memes in the past. Multiple Dogecoin investors filed a $258 billion racketeering lawsuit against Musk earlier this summer, accusing him and his companies of intentionally pumping the price of Dogecoin and letting it crash.
Crypto unicorn Anchorage Digital rolled out a crypto infrastructure service for institutions this week. In an IBD interview, company president Diogo Monica explains why he believes the bear market is the best time to build.
Click here to jump to more on today’s Cryptocurrency News.
Cryptocurrency Price Action
Bitcoin reclaimed $20,600 by Friday afternoon. The world’s largest crypto rallied this week from roughly $19,300 on Monday. Meanwhile Ethereum rebounded to $1,550 after it slipped below $1,500 overnight. ETH is still well above its $1,340 level at the start of the week.
Cryptocurrency Prices Heatmap:
Most Popular Cryptocurrencies
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.
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
Read More
More Crypto News From Dow Jones
FASB Settles On Fair-Value Accounting For Measuring Crypto Assets
Rich Millennials Say This Is The Best Long-Term Investment
Crypto Poses ‘Novel Risk’ To Banks Federal Reserve’s Michael Barr Says
YOU MIGHT ALSO LIKE:
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
[ad_2]
Image and article originally from www.investors.com. Read the original article here.