November 2023 Crypto Market Forecast

  • Article


Name

November 2023 Crypto Market Forecast

Description

In October, Bitcoin (BTC) broke above $35,000 for the first time since May 2022, but the world’s first cryptocurrency finished the month back below that key psychological level heading into what may be an action-packed November for crypto investors.

Types

Article

Authors

Wayne Duggan

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Claims from

The push for the first crypto spot ETF, particularly a Bitcoin spot ETF, gained momentum.
The trial of Sam Bankman-Fried, former CEO of FTX, began in October, highlighting the darker aspects of the crypto industry.
Cryptocurrency prices trended higher in 2023 due to an improved U.S. economy outlook and investor anticipation of a Bitcoin spot exchange-traded fund (ETF) approval.
Bitcoin and Ethereum were on track to finish October 2023 up by 27% and 8%, respectively.
Ethereum prices also rallied in October, with assumptions of a spot Bitcoin ETF approval signaling a possible spot Ethereum ETF.
The SEC dropped civil lawsuits against two cryptocurrency executives and is focusing on lawsuits against Coinbase and Binance.
In October, Bitcoin (BTC) broke above $35,000 for the first time since May 2022 but finished the month below this level.

Editor

Michael Adams

Publish date

11

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2023

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12

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Publisher

Forbes

Web URL

https://www.forbes.com/advisor/investing/cryptocurrency/crypto-market-outlook-forecast/#:~:text=,Securities

Referenced by

Bankman-Fried faces seven criminal charges.

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Bitcoin prices up 107% year-to-date in 2023.

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Ethereum prices up 49% year-to-date in 2023.

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