Friday, January 10, 2020

Bitcoin’s 2020 Bullish Run Continues Surpassing $8000: The Crypto Weekly Report

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Crypto Market Update

Market Cap: $215 B
BTC Dominance: 68.2%
 BTC: $8,060
 ETH: $143
 XRP: $0.209

Bitcoin's price has been on a wild ride this week. So far, January definitely doesn't disappoint in terms of volatility and excitement. Seven days ago, Bitcoin was trading at slightly above $7,300. As the week progressed, however, its price shot up to $8,400 only to pull back down to $7,700 from where it's currently recovering.

At the time of this writing, Bitcoin's price stands slightly above $8,000 but it's interesting to see where it will go from here. On another note, this week was particularly intense in terms of political events as well. The US President Donald Trump ordered an airstrike against Baghdad's Airport, which had the General of Iran's Revolutionary Guard's Quds Force killed.

This unfolded a very interesting correlation between Gold, Bitcoin, and Oil. The price of all those assets shot up amid the rising market uncertainty. This caused a lot of people to believe that Bitcoin is, indeed, starting to be perceived as a store of value.

Full Market Report & Analysis
China Tightens Regulations
China has introduced a new bill which increases the oversight the Government has on transactions. Bitcoin emerges as an alternative. Read more. 
Elon Musk Mentions Bitcoin
Elon Musk, the popular tech entrepreneur, has once again mentioned Bitcoin. This puts the cryptocurrency in front of the eyes of his millions of followers. Read more.  
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This week chart analysis of:
BTC ETH XRP XTZ & BSV



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Friday, January 3, 2020

Bitcoin Opens 2020 Volatile As Usual: Weekly Crypto Market Update

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Crypto Market Update

Market Cap: $196 B
BTC Dominance: 68.3%
 BTC: $7,381
 ETH: $134
 XRP: $0.193

It's safe to say that the beginning of 2020 is everything one might have expected it to be on the cryptocurrency market: volatile. Just a few days after the New Year's bell rang, Bitcoin went on a rollercoaster, dropping down to a low of $6,850, only to recover hours later, gaining upwards of $500 in the process. 

Interestingly enough, this move coincided with a significant political event. The US President, Donald Trump, ordered an airstrike against Baghdad's airport. During this, the leader of Iran's Quds Forces, General Qasem Soleimani, was killed. This goes again to show that Bitcoin is not correlated to political and economic turmoil, and it showcased his qualities as a store of value. 

The entire cryptocurrency market moved in the first few days of the new year, as most of the top cryptocurrencies trade in the green. However, they were still unable to claim any notable grounds as Bitcoin's dominance continues to hold steady above 68%. 

Full Market Report & Analysis
BTC Halving Priced In
According to a popular Bitcoin analyst, the upcoming 2020 Halving could already be factored in Bitcoin's price. Read more. 
2019 Yearly Recap
2019 was an interesting year for Bitcoin and cryptocurrencies. Here are the most important events of the year. Read more
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This week chart analysis of:
BTC ETH XRP BNB & XMR



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