It's been a busy week, from Ethereum and Bitcoin price action to Crypto.com backing out of its $495 million UEFA Champions League sponsorship, Snap (SNAP) scrapping its web3 team and analysts' latest views on Coinbase (COIN). Scroll down to catch up on all things crypto with IBD's weekly cryptocurrency news wrap-up.

Be sure to also check this week's coverage of cryptocurrency ETFs like BITQ, BLOK and BITS.

Click here for the latest Cryptocurrency Prices and News. And if you're new to the world of Bitcoin, Ethereum, blockchain and more, stop by our What Is Cryptocurrency page.

Cryptocurrency Price Action
Bitcoin fell below $19,900 Friday afternoon after bouncing as high as $20,436 during the day. BTC is still well below its August high near $25,000. The world's largest cryptocurrency is down roughly 55% so far this year.

Ethereum hit $1,648 in the first few hours of trading on Friday but tumbled back to $1,555 by market close. It's struggled to hold the $1,600 level since falling from its mid-August high of $2,000. ETH, for the most part, has been on the upswing after successfully transitioning its Goerli network to proof-of-stake. Goerli marked the final test network before the official merge to a PoS blockchain, which was expedited to September 15. But the price of Ethereum still generally trends with the dips and jumps of the broader crypto market.

Most Popular Cryptocurrencies
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.

Despite their original promise, cryptocurrencies haven't acted as hedges against inflation. Instead, they've trended with the broader indexes. Read The Big Picture and Market Pulse to track daily market trends.

View IBD's Best Cryptocurrencies And Crypto Stocks To Buy And Watch page to help navigate the world of digital asset investments.

Want a deeper dive into crypto? Check out the What Is Cryptocurrency? explainer page.

Celsius Requests To Return $225 Mil To Users
Crypto lender Celsius Network wants court permission to return digital assets to some users, according to the latest bankruptcy court proceedings.
Source: Investor's Business Daily

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