Black Friday is a colloquial term for the Friday following the Thanksgiving holiday in the U.S. It traditionally marks the start of the Christmas shopping period and kicks off with everything going on sale. Bitcoin also went on sale, hitting 6-week lows of US$53,569, and had the rest of the crypto and stockmarkets falling along with it,

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The bitcoin price slid over the past week, falling as low as US$55,705, down around 19% from its high and the lowest level since 13 October. The price managed to bounce from its lows and is trading at $58,775 at the time of writing.
Ether managed to hit another all-time high,

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Bitcoin set another all-time high last week, reaching US$68,789, then fell over 9.5% before recovering to $64,797 at the time of writing. The price continued to experience volatility, trading in the range of US$62-69K for the week.
Some of the volatility could be attributed to inflation concerns, as the price jumped after the release of the U.S.

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The bitcoin price continued to consolidate last week, trading within a tight range of ~US$60-64K.
Ethereum continued its outperformance over bitcoin for the week, setting another all-time high at $4,656. Over the last seven days it has returned 5.63%, outperforming bitcoin which was 1.21% higher.
Bitcoin’s market cap is sitting at $1.17T and market dominance weakened to 42.5%,

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Welcome to the first issue of Off the Chain. With BetaShares set to launch our first crypto-focused ETF (ASX: CRYP) on Thursday, continued positive developments in the Australian regulatory landscape for the potential launch of cryptocurrency ETFs and widespread investor interest, we thought the timing was right to launch this new email newsletter.

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