Friday, December 27, 2019

Bitcoin Price Ragebound Around $7,000: Last Crypto Weekly Update of 2019

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Crypto Market Update

Market Cap: $192 B
BTC Dominance: 68.7%
 BTC: $7,293
 ETH: $126
 XRP: $0.190

The last week of 2019 didn't really bring a lot of excitement within the cryptocurrency market. Bitcoin's price remained trapped within a fairly narrow range between $7,100 and $7,700, while altcoins struggled to claim any new grounds. 

As a matter of fact, Bitcoin's dominance stabilized well above 68%, which showed that BTC kept its market share intact, regardless of the lack of any price increases. Despite the fact that Christmas is over, it's important to monitor the price going forward. It's likely that Bitcoin will retest the $7,000 once again and it's crucial to see what happens there. 

On another note, the week was very intense in terms of news regarding state-backed cryptocurrencies. A few countries, amid which Russia and Korea, said that they are testing their own iterations and have expressed positivity towards the notion. 

Full Market Report & Analysis
YouTube Crypto Ban a Mistake
YouTube has admitted that the cryptocurrency-related ban was a mistake. However, a lot of the videos remain deleted. Read more.
Russia Tests Own CBDC
The Central Bank of Russia has stated that it is exploring a state-backed cryptocurrency in a regulatory sandbox. Read more. 
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This week chart analysis of:
BTC ETH XRP DASH & ATOM



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Friday, December 20, 2019

Turbulent Week For Bitcoin's Price, Volatile Christmas Coming Up? The Weekly Market Update

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Crypto Market Update

Market Cap: $190 B
BTC Dominance: 68.3%
 BTC: $7,200
 ETH: $128
 XRP: $0.193

December is almost over, and it's safe to say that it has been action-packed. Over the past week, Bitcoin's price went on a rollercoaster, dropping to a low of around $6,500 only to correct to approximately $7,200 where it currently trades, leaving many to question whether the bottom was already in.

It's worth noting that while the price was jumping up and down throughout the entire week, Bitcoin's dominance has been surging. In the last seven days, it's up almost 2%, standing at 68.3%. This means that altcoins have been struggling to claim any new grounds, despite the turbulent price action.

Looking at the major cryptocurrencies, the week has been relatively disappointing. Most of them are charting decreases upwards of 5% against both Bitcoin and the USD. Of course, as it's almost always the case, Bitcoin's recovery also helped altcoins, and they did manage to patch up some of the losses from the beginning of the week.

Full Market Report & Analysis
Ripple Raises $200 Million
Ripple has raised $200 million from investors in order to improve its blockchain and to boost the utility of XRP. Read more
Fidelity Expands To EU
One of the world's largest asset managers will be expanding its cryptocurrency services to the European Union. Read more
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This week chart analysis of:
BTC ETH XRP LTC & BNB



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