Cryptocurrency Prices And News: SEC Sends Warning To Coinbase, Bitcoin Unfazed

Cryptocurrency News: Cryptocurrency prices were mixed early Thursday after sliding lower Wednesday following the Federal Reserve rate hike. Bitcoin and ethereum recovered slightly. Meanwhile, the SEC ramps up enforcement against crypto firms, sending Coinbase (COIN) a warning Wednesday for potential unregistered securities sales. COIN stock tumbled more than 15% early Thursday.

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Cryptocurrency Price Action

Bitcoin hovered around $27,500 Thursday morning after tumbling as low as $26,685 Wednesday following the Fed announcement. Bitcoin hit an intraday high of $28,889 Wednesday prior to the news, marking its highest level since June 11. BTC is up 17% so far in March, rallying from its month low under $19,800 from March 10. The world’s largest cryptocurrency is up 66% so far this year.

Ethereum recovered to $1,753 Thursday morning, from its Wednesday low of $1,715. ETH climbed as high as $1,822 prior to the Fed release and hit its March peak of $1,845 Sunday night. Ethereum is up 5.7% so far this month after recovering from its month low of $1,385 on March 10. The #2 crypto is up 46% year-to-date and trading at its highest levels since mid September.

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Digital asset investments are extremely volatile. While cryptocurrency’s fundamentals and technical indicators may differ, investors should focus on the same key objectives. First, stay protected by learning when it’s time to sell, cut losses or capture profits. Second, prepare to profit if the cryptocurrency starts to rebound.

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