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Weekly Report: Crypto Market Erases $100B Rally as Bitcoin, XRP Prices Slide

By Terence Zimwara

The crypto market endured a volatile first week of November, briefly gaining approximately $100 billion following the U.S. midterm elections before surrendering those gains amid a global technology stock sell-off. Post-Election Rally Gives Way to Global Market Sell-Off The crypto economy endured a volatile first week…

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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