Bitcoin traded in the red on Thanksgiving evening as the global cryptocurrency market cap inched up 0.2% to $832.4 billion at 8:54 p.m. EST.
Price Performance Of Major Coins
Coin
24-hour
7-day
Price
Bitcoin (CRYPTO: BTC)
-1%
-2.1%
$16,545.16
Ethereum (CRYPTO: ETH)
0.2%
-1.4%
$1,195.26
Dogecoin (CRYPTO: DOGE)
-0.3%
-3.9%
$0.08
Top 24-Hour Gainers (Data via CoinMarketCap)
Cryptocurrency
24-Hour % Change (+/-)
Price
BinaryX (BNX)
+8.4%
$170.22
GMX (GMX)
+7%
$45.80
XRP (XRP)
+2.55%
$0.40
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Why It Matters: While Bitcoin was in the negative territory, Ethereum traded largely flat on Thursday evening. U.S. stock futures were seen trading higher at the time of writing.
OANDA Senior Market Analyst Craig Erlam termed the collapse of FTX an “unsurprisingly a huge setback for the whole industry” in a note, seen by Benzinga, on Thursday.
“In such an unregulated world, these fears are very real and could undermine faith in the crypto space for some time, …
Full story available on Benzinga.com