Cryptocurrency News

Cryptocurrencies edged down on Black Friday, amidst easing Fed fears that lifted risky assets including stocks. Cryptocurrencies remain muted whilst the anxiety over potential contagion from the FTX collapse lingers.

Here is a snapshot of the world markets at this hour across stocks, currencies, bonds, commodities and cryptocurrencies.

Strong indications of a likely slowing down in the pace of interest rate hikes, contained in the recently released Fed Minutes helped cryptocurrencies attempt a modest rebound in the past 24 hours.

Crypto market capitalization dropped more than a percent in the past 24 hours amidst market sentiment largely dictated by the cascading effects of the FTX bankruptcy.

Here is a snapshot of the world markets at this hour across stocks, currencies, bonds, commodities and cryptocurrencies.

It took less than ten days after a damning report by a news portal, for FTX - the deep-pocketed big brother of crypto industry, the self-styled lobbyist for crypto industry regulation and the aspiring crypto market leader - to collapse into bankruptcy. Information, analysis and allegations emerging over the days portend a cataclysmic interplay of market risks, credit risks and operational risks.

Cryptocurrencies gained 1.36 percent in the past 24 hours amidst continuing revelations of the cascading effects of the FTX implosion. The unveiling of the actual situation at FTX, the bankruptcy proceedings and the ramifications of the FTX downfall on the wider crypto space continued to dominate headlines.

Here is a snapshot of the world markets at this hour across stocks, currencies, bonds, commodities and cryptocurrencies.