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This Week In Markets: Bitcoin Climbs, Coinbase Stock Shrugs Off Moody`s Downgrade

Last update 23.01.2023 14:28

Bitcoin jumped over $23,000 heading into the weekend.

This Week In Markets: Bitcoin Climbs, Coinbase Stock Shrugs Off Moody`s Downgrade

The past week has seen crypto prices continue their upward trajectory, with bitcoin rising 16.8% and jumping over the $23,000 mark going into the weekend.

Bitcoin was trading at $23,262 as of 2 p.m. ET. Meanwhile, ether rose 14.3% to around $1,663.

Cryptocurrencies like Binance's BNB, Polygon's MATIC and XRP also rose by 3.7%, 9.2% and 6.8%, respectively.

FTT jumped up this week on the news that FTX's new CEO was considering restarting the exchange. It was trading at around $2.30.

Not all crypto stocks had a positive week. Silvergate, which posted $1 billion losses in its fourth quarter, fell 1.7% over the past five days.

Galaxy Digital also slipped by about 4%.

On the other hand, shares of Coinbase rose by 13.3%, even as it was downgraded by Moody's, and MicroStrategy by 13.1%.

For structured products, GBTC surged 18.1% and ETHE rose 19.2%.

 

Source: theblock.co

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All Data
Coin Change(%) Price Volume (24h)
Ethereum Meta (ETHM) -0.95 $0.000878 $31242.5B
Bitcoin (BTC) -1.27 $87,547.69 $18.0B
Ethereum (ETH) -0.23 $2,973.14 $8.0B
USD Coin (USDC) 0 $0.999661 $3.7B
Solana (SOL) -0.65 $124.716225 $2.0B
XRP (XRP) -1.78 $1.843290 $1.3B
Binance Coin (BNB) 0.13 $860.87 $990.7M
Dogecoin (DOGE) -4.20 $0.118848 $848.9M
TRON -0.59 $0.283465 $840.6M
ZCash (ZEC) -4.64 $506.781084 $783.5M
All Data