$94,316.00
6.67%$1,794.32
10.30%$2.30
9.49%$615.55
1.54%$152.52
9.33%$0.999934
-0.00%$0.182977
11.59%$0.706915
10.67%$0.246458
-0.77%$1,791.77
10.26%$94,364.00
6.78%$22.95
13.49%$14.93
11.86%$2.92
26.37%$0.273024
11.01%$9.06
0.04%$0.00001376
9.80%$0.187649
8.37%$3.13
6.88%$2,154.31
10.57%$0.999888
0.01%$361.49
3.95%$85.04
6.39%$19.09
4.70%$4.18
11.15%$4.62
3.91%$1.001
0.17%$1,794.78
10.57%$0.999039
-0.04%$0.672096
6.48%$226.49
4.21%$28.51
0.48%$1,911.46
10.52%$0.00000917
12.95%$94,246.00
6.47%$5.98
11.04%$5.36
10.70%$52.42
2.60%$2.50
14.22%$0.950227
10.74%$24.10
3.92%$336.75
3.64%$5.23
11.84%$32.95
2.23%$0.093749
13.39%$16.97
8.65%$1.05
0.05%$0.09613
7.58%$1.00
0.00%$163.82
10.93%$4.62
5.91%$0.70932
7.69%$0.02636755
11.27%$1.17
0.08%$4.37
6.97%$94,228.00
6.52%$0.2197
-0.33%$0.342286
16.42%$0.219327
13.51%$9.36
10.60%$4.23
0.02%$2.74
8.89%$2.82
11.79%$0.638788
7.94%$0.520984
8.45%$0.3304
9.92%$0.998116
-0.03%$4.15
5.53%$94,324.00
6.53%$10.34
3.71%$0.452383
11.75%$159.18
8.92%$0.758795
9.26%$1,483.51
7.01%$0.813232
8.67%$0.078008
8.52%$0.00001556
21.90%$0.654734
43.02%$1.15
7.82%$0.865102
10.67%$1,796.92
10.38%$1.075
1.50%$0.01692631
5.41%$72.32
7.34%$1,869.02
10.42%$0.671679
5.67%$3.78
3.57%$0.196871
10.01%$9.52
11.95%$1.001
-0.02%$15.89
8.25%$0.678814
9.69%$0.99981
-0.02%$0.091239
8.42%$2,020.44
10.37%$1.001
0.09%$3,345.05
-3.69%$1.00
0.04%$93,024.00
6.03%$616.43
1.69%$0.01648543
15.88%$3,346.03
-3.56%$2.67
14.33%$196.29
9.37%$0.01718805
8.16%$94,278.00
6.77%$168.42
9.37%$0.19736
14.77%$0.298793
9.09%$0.812242
11.29%$0.1204
7.11%$1,906.58
10.25%$3.86
12.85%$0.697132
10.84%$0.99771
-0.00%$0.67197
3.26%$0.00006801
15.59%$0.0191961
13.00%$0.508929
15.72%$0.00000064
4.73%$93,949.00
5.55%$0.398495
6.80%$0.999164
0.02%$30.99
5.95%$1.89
9.71%$1.11
2.56%$2.03
4.01%$0.244335
8.52%$0.00650329
14.35%$0.313129
4.72%$3.51
5.17%$0.545275
7.40%$1,876.52
10.50%$17.05
10.89%$0.154052
8.19%$0.546487
25.53%$0.561221
6.23%$33.36
7.29%$0.210247
66.27%$0.559673
24.50%$0.762361
31.18%$0.998862
0.06%$91,984.00
6.91%$0.00869288
4.26%$0.642514
9.49%$0.445388
7.34%$0.067351
0.06%$94,276.00
6.71%$0.182864
11.43%$1.32
5.25%$0.999902
-0.01%$0.04591532
29.39%$1.64
3.85%$0.999868
-0.01%$88,321.00
0.00%$2.14
7.10%$1,847.03
8.60%$0.00002224
6.93%$15.67
11.55%$0.149403
10.51%$6.09
11.81%$0.00680593
32.76%$94,271.00
6.67%$1,791.47
10.46%$6.51
17.97%$110.78
0.01%$0.00000043
-0.35%$1.012
1.23%$1.084
-0.00%$0.508459
9.70%$2.53
11.54%$3.71
8.64%$0.077889
8.37%$0.340344
20.57%$0.04140687
11.02%$0.489431
21.24%$0.00747413
17.72%$43.40
8.70%$1,793.47
10.15%$1,792.48
10.09%$0.220082
-0.07%$1,910.01
10.43%$0.081939
7.30%$0.999513
-0.03%$1.00
0.02%$1,796.32
10.24%$21.81
-0.42%$0.570316
7.22%$0.00417633
3.64%$0.175281
3.16%$0.997532
0.03%$0.00006376
5.04%$0.831405
6.66%$0.352531
22.79%$0.01736364
0.53%$1,835.17
9.89%$1.003
0.22%$0.999859
0.01%$0.121296
1.47%$0.33396
9.49%$0.03177688
1.37%$0.673648
21.22%$0.00000149
14.34%$94,155.00
6.64%$2.72
9.51%$1.20
10.34%$0.242019
9.99%$0.299332
32.22%$114.25
8.15%$26.85
7.25%$1.00
0.05%$0.652065
13.79%$3.63
5.66%$0.140181
0.64%$0.690044
-3.14%$94,462.00
7.02%$1,773.62
10.50%$0.00411863
61.85%$0.999275
-0.06%$22.60
7.96%$0.274715
5.59%$3,187.04
0.00%$2.83
2.84%$1,895.30
10.16%$0.00043656
-1.25%$0.189336
7.58%$22.95
13.66%$1,791.22
10.20%$0.113027
7.37%$0.03708299
3.18%$0.512549
6.10%$0.980569
16.70%$15.52
10.87%$0.44675
7.15%$0.01276714
7.39%$0.00283584
9.30%$1,894.41
6.72%$0.02962433
6.37%$0.736395
10.39%$1.045
12.52%$0.00
12.71%$2.27
7.78%$0.240077
19.92%$1,966.23
10.48%$1.00
0.04%$94,197.00
6.76%$0.999679
-0.04%$1,951.80
10.58%Reading
With Sam Bankman-Fried charged and behind bars and FTX’s implosion beginning to fade (ever so slightly) into the rearview mirror, this week saw coin prices finally start to act normal. And that meant: just as turbulent as the stock market.
Bitcoin (BTC) and Ethereum (ETH) moved in lockstep with Wall Street this week, cresting on Wednesday in anticipation of a rosy interest rate update from the Federal Reserve, following better-than-expected news from the U.S. Bureau of Labor Statistics that inflation fell in November to 7.1%. At its high point on Wednesday prior to the Fed’s meeting, BTC bounced above $18,000 for the first time since FTX’s spectacular collapse in mid-November.
The top two cryptocurrencies then crashed immediately after the Fed’s announcement that same day that the U.S. central bank plans to keep raising rates into 2023 to combat inflation.
As of Saturday morning, Bitcoin was down 2.6% over the past seven days, while Ethereum fared worse, down 6.6% in that period.
But the week’s biggest loser among the top 10 is Dogecoin (DOGE), down a whopping 20% since last weekend. Crypto’s largest meme coin started the week off on a rough note, shedding 9% overnight on Monday evening. The rest of the week didn’t get any better, as the coin doubled its losses, falling another 11% to 7 cents by Saturday.
DOGE spiked in late November off speculation that Elon Musk planned to incorporate it into Twitter as a payment method; this week’s news cycle, while Twitter dominated, was less positive, centering on Musk’s banning of several journalists from the social media platform.
In less than a week, one of the largest and most trusted crypto exchanges went up in flames, along with its crypto celebrity founder and CEO Sam Bankman-Fried. Dan Roberts, Stacy Elliott, and Kate Irwin from the gm podcast walk you through exactly how it happened, what it means for you, their own takes on the most interesting subplots, and what we can learn from it all. Plus: We review some comments SBF and CZ made on this podcast that look remarkable in hindsight. Watch and make sure to subscribe to the gm podcast on Apple or Spotify.
To win this week appeared to take more than riding the winds of market forces.TON, the native token of messaging app Telegram’s decentralized layer one blockchain The Open Network, surged a whopping 29.8% this week, off Telegram’s announcement that users no longer need SIM cards to use the app. Users can now instead purchase anonymous phone numbers from Telegram with TON, a move that sets the privacy-minded app apart from competitors like Signal and WhatsApp, which still require users to sign up with real mobile numbers.
Illustration by Mitchell Preffer for Decrypt. Is Bitcoin back? For at least a little while, it feels like it may be. This time last week, it was trading for $53,229. It’s now trading above $60,000, according to CoinGecko. That’s a 12% rise over seven days, and a threshold unseen since last month. The price rise came as traders grew more confident that the Fed would slash interest rates by 50 basis points instead of 25. All eyes are on the central bank next week after two years of sky-high inter...
Illustration by Mitchell Preffer for Decrypt. There's depressing news for those hoping the price of crypto markets would improve this week. Depressing news for nearly all investors, it would seem. Bitcoin continued to drop, and hard, this week. Over the past seven days, the price of the asset has descended by more than 9% and—after dipping as low as $52,690 on Friday—rolled into the weekend trading hands for $53,229, according to CoinGecko. That’s significantly lower than its 2021 record of $...
Illustration by Mitchell Preffer for Decrypt. It was a fairly uneventful week in the crypto world... until Friday. The action-packed end to the week came with an increase in the price of Bitcoin, buoyed by crypto market optimism after Federal Reserve Chair Jerome Powell gave his strongest signal yet that he will slash interest rates come September. The price of the asset popped above $64,600, according to CoinGecko, a more than 7% rise over the week. It slid into the weekend at $63,500. Still,...
