Tuesday, April 30, 2019

On Which Exchange Bitcoin Plummeted $1000? Crypto Weekly Market Update

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Crypto Market Update

Market Cap: $172.8 B
BTC Dominance: 54.6%
 BTC: $5338
 ETH: $159
 XRP: $0.30

Even though Bitcoin is no longer a regular guest in most of the crypto's coverage, the news of the markets didn't freeze despite the winter. This entire week was rather busy, as most of the news started on the right foot. It was all until last Thursday, however, when Bitcoin flash crashed on the Kraken cryptocurrency exchange, shortly before the news about the lawsuit against Tether was published.

Naturally, the market and the community reacted sharply as there were suspicions of using insider information leading to the panic in Kraken.

On the other hand, after a few very positive weeks in the field of Altcoins, corrections brought some of them back to the support levels we saw at the beginning of the year, hence eliminating profits made in 2019. However, it's still difficult to determine a clear trend direction for this market who's looking up for a Bitcoin reaction.

At the same time, however, it's safe to say that the market is maturing and that the Wild West which characterized it since inception, crystallizing more towards efficiency. As the bear market progresses, we expect that the place of altcoins will be challenged.

Looking past price volatility, nevertheless, it's possible to see that the infrastructure of the sector continues to expand. Significant partnerships are being made between crypto-oriented companies, as well as conventional giants such as Disney and others. This marks a positive sign which comes after about a year and a half of the bear market.

It's certain that the floor looks closer than ever following 2017's unprecedented bull run and we may have actually seen it for Bitcoin at around $3,120. For the optimists among us, the last time we saw the Golden Cross graph, the trend started to look even more positive.

Full Market Report & Analysis

8 Must-Have Tips Trading Crypto 

We had updated our legendary 8 must-have tips trading Bitcoin & Altcoins
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Top 5 For 2019

Editor's Pick: Top 5 Cryptocurrencies to Watch in 2019 Besides Bitcoin
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This week chart analysis of:
BTC ETH XRP & IOTA



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Wednesday, April 24, 2019

Which Coin Had Gained 4500%? Crypto Weekly Update Report

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Crypto Market Update

Market Cap: $177 B
BTC Dominance: 54.5%
 BTC: $5480
 ETH: $166
 XRP: $0.30

Following last week's correction, Bitcoin started yet another cycle as the enthusiasm around Initial Exchange Offerings (IEOs) continues and more exchanges are stepping in.

However, it's important to determine whether the current price action will be beneficial for the cryptocurrency market in the long-term or if the current hype will fade-away just like it did back in 2017.
 

In any case, it appears that the IEOs trend is one of the main causes for the recent gains, as there is no other reason to attribute these gains to except for the halving which is scheduled for May next year.

This week's market events include Cosmos trading with ATOM, which started in the first few hours and traded at a staggering 4500% dollar-wise. It's important to consider that investors haven't yet received their tokens and that a correction is expected.

Apart from that, a lot of the altcoins were trading in the green this week. Cryptocurrencies such as Tezos (XTZ), Basic Attention Token (BAT), and Binance Coin (BNB) were amongst the leaders, providing their investors with impressive gains.

Meanwhile, the market dominance is slowly shifting in favor of Bitcoin as the BTC Dominance index is currently at 53.3 percent after a nice weekly increase.

To wrap it up, we've had yet another positive week and 2019 continues to be a rather successful year for the entire cryptocurrency market.

Full Market Report & Analysis

Golden Cross Here

What is a Golden Cross and Why Everyone Thinks Bitcoin Will Skyrocket After It Takes Place?
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Top 5 For 2019

Editor's Pick: Top 5 Cryptocurrencies to Watch in 2019 Besides Bitcoin
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This week chart analysis of:
BTC ETH XRP SIA & ChainLink



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