Weekly Update Nov 21-27, 2022

  /  1 minute read

This video explains What happened in the cryptocurrency world last week.

Last week showed a good recovery and stability across the board. In contrast, a drop was seen on Monday owing to the protests in China. The dump was short-lived, and net positive to neutral commentary from FED further pushed the markets to the upside. This week brought another bankruptcy in the name of BlockFi – one of the most popular retail crypto wallets and apps after Coinbase. With a lot of funds and funding from influential people, BlockFi’s bankruptcy outcry will undoubtedly continue for some time. S&P 500, NASDAQ, BTC, and ETH closed the week with good gains, while Energy (SPN) continued to trend downward.

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