Bitcoin

CoinMarketCap Academy takes a visual look at some key Bitcoin metrics as we head into the year's end.

May, June and November saw huge one-week plunges in the value of Bitcoin — driven by Terra's implosion, crypto firms going bankrupt, and the FTX scandal.

While some of the market's losses were recovered over the last couple of weeks, crypto severely underperformed stocks throughout the month of November.

Plus, it's revealed that a senior FTX executive tipped off The Bahamas about the misuse of customer funds.

European Central Bank executive board member Fabio Panetta reopened the call for a ban on cryptocurrencies that use energy-intensive mining as a consensus mechanism.

The Bitcoin maximalist executive chairman of MicroStrategy explains how he believes FTX founder Sam Bankman-Fried manipulated "air tokens" to loan himself $10 billion of customers' money.

It's a long-shot scenario in the global bank's annual set of long-shots, which calls out scenarios its analysts believe have a "non-zero" chance of coming true.

The authors argue a flurry of technological shortcomings mean Bitcoin transactions are "cumbersome, slow and expensive" — and it isn't used for legal real-world payments.

It isn't just the crypto markets that have been reacting to these protests, with selloffs also seen on the stock market.

Another week, another potential victim of contagion. You probably have heard phrases like "GBTC discount widens" or "Is GBTC in trouble?" swirling around.

What's more, a huge number of investors now face long bankruptcy limbo, with funds likely lost following the collapse of FTX.

In a pair of letters, six Democrats called on two investment firms to turn their backs on crypto, saying it is inappropriate for investments.

Cryptocurrencies provide holders with full control over their finances — for better and for worse.

Although BTC had slightly recovered by Wednesday morning — trading at $18,317 — it's still plunged by 73.33% over the past 12 months.

The stash was recovered back in November 2021 — days after the world's biggest cryptocurrency hit a new all-time high — and was worth $3.36 billion at the time.

Ether has a strong track record of outperforming Bitcoin. In 2021, ETH surged by a whopping 399.2% — five times more than BTC's still-impressive rise of 59.8%.

Bitcoin has risen by 4.4% over the past 24 hours at the time of writing. Ether's an even bigger winner — up 6.85% — while Binance Coin has risen 8.5%.

Plus — Binance's CEO gave a news conference at the WebSummit in Lisbon yesterday — and inevitably, talk turned to Elon Musk's Twitter takeover. We're there with the latest.