ProShares Bitcoin & Ether Market Cap Weight Strategy ETF

BETH

Market cap $17M

Bitcoin's Thanksgiving rally stalled early Friday but the world's largest cryptocurrency still looked set to end a terrible month with a good week.

BTIG's chief technical strategist Jonathan Krinksy said bitcoin has just exited seasonal period of bottoming.

Stocks are having their best Thanksgiving week since 2012 but as Americans around the country rush to put their turkeys in the oven even more market gains could be heating up.

Bitcoin, Ethereum and XRP were jumping Thursday even as the U.S. stock market was closed for the Thanksgiving holiday.

On today's episode of CNBC Crypto World, digital currencies rise alongside gains on Wall Street. Plus, Robinhood acquires a prediction market platform formerly owned by FTX.

There's a bit of a panic going on in the crypto markets, to say the least, with Bitcoin (CRYPTO:BTC) and Ether (CRYPTO:ETH) both tumbling by a high double-digit percentage in the past month.

Digital assets have traded sideways since the start of the week, despite tech stocks getting a boost over the same period.

The cryptocurrency's fair value is around $53,000, according to this calculation.

Bitcoin climbed early Tuesday, nearing the key $90,000 level, cryptocurrencies continued to rebound.

Long-term investors should center their portfolios around high-quality stocks. Gold and Bitcoin can be suitable alternatives to stocks for investors seeking an asset class less tied to the U.S. economy.