The price of Bitcoin (BTC) reached a high of $35,812.49. over the last seven days

Sam Bankman-Fried, the founder of the troubled cryptocurrency network FTX, was found guilty of financial wrongdoing late last week. Due to this development, Bitcoin’s recent surge experienced a momentary decline. BTC, on the other hand, seems to have been able to stabilise over the weekend, as it surpassed the $35,000 threshold early on Monday. The market’s Fear & Greed Index was 73 (out of 100), according to CoinMarketCap statistics, indicating a generally optimistic attitude among investors. It is unclear if the oldest cryptocurrency in the world will be able to maintain its momentum over the Christmas season this year.

Readers should be aware that coin prices and the cryptocurrency market as a whole are very erratic before continuing. It is impossible to predict with certainty how cryptocurrencies will perform in the future. The purpose of this article is to assist investors in staying abreast of the most significant events that have already occurred, as well as some noteworthy forthcoming events and current market circumstances. Before making any decisions, investors are encouraged to conduct their own research.

Crypto Prices Over The Past Week

The value of the entire cryptocurrency market was $1.26 trillion. The price of ETH was around $1,750, and the price of BTC was approximately $34,300.

The market capitalization increased to $1.32 trillion one week later.

Today’s Top Cryptocurrency Prices

With a total volume of $4.29 billion, DeFi accounts for 11.30 percent of the market’s 24-hour volume. The entire volume of stablecoins is $32.50 billion, or 85.65% of the total volume of the 24-hour market. The entire market fear and greed index, according to CoinMarketCap, was at 73 points (out of 100) on Monday, indicating a considerable increase in investor confidence from the previous Monday.

The dominance of BTC was 51.81 percent at the time of writing.

Bitcoin reached a high of $35,812.49 on November 2 and a low of $34,110.97 on October 30 over the last seven days.

In contrast, Ethereum experienced a high of $1,905.32 on November 5 and a low of $1,782.92 on November 3.

Crypto Events To Note

Sam Bankman-Fried, the well-known creator of FTX, was found guilty in a landmark court case of financial impropriety allegations pertaining to the now-defunct cryptocurrency exchange, which represents a major advancement in the field of financial fraud. This result highlights the sharp fall in the 31-year-old entrepreneur’s fortunes—he was formerly regarded as one of the world’s billionaires.

A twelve-member jury found Bankman-Fried guilty on all seven counts following a drawn-out one-month trial in the federal court located in Manhattan. The prosecution said that his only objective was personal financial gain and that he had unlawfully taken an enormous amount of $8 billion from the users of the exchange.

This decision comes about a year after FTX abruptly filed for bankruptcy, a move that rocked the financial system and caused Bankman-Fried’s estimated $26 billion in personal wealth to crumble dramatically.

Government officials and banking regulators in India, meanwhile, are allegedly considering enacting more stringent regulations, which might include outright banning private cryptocurrency trading. As an inventive and economical way to facilitate payments, the government is actively pushing for the introduction of a central bank digital currency (CBDC), according to a recent report published in the Hindustan Times.

This action might not, however, completely allay the Reserve Bank of India’s worries about private cryptocurrencies and their possible effects on macroeconomic stability. According to the report, two unidentified officials have stated that they are hesitant to recognise any cryptocurrency assets as legal tender in the nation.

These worries are echoed in a synthesis study that was delivered to the G20 countries in September and was written by the Financial Stability Board and the International Monetary Fund together. In addition to outlining the dangers of private cryptocurrencies, the study suggests setting a minimum regulatory threshold. The authors of this material have asked to remain anonymous.