Friday, November 29, 2019

November Ending in Red As Bitcoin Is Down $1500: Crypto Weekly Market Update

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Crypto Market Update

Market Cap: $210 B
BTC Dominance: 66.7%
 BTC: $7,777
 ETH: $155
 XRP: $0.229

It has been an exciting week for Bitcoin. Volatility is back as the price went on a rollercoaster throughout the past seven days. The cryptocurrency started the week trading at around $7,150, dropped to a low of about $6,600 only to recover get up to $7,800. However, during the volatile month of November, Bitcoin lost upwards of $1,500 of its value.

At the same time, despite Bitcoin's violent price action, its dominance index remained flat around 66%. This means that altcoins managed to stand their ground and didn't lose their market share. Indeed, some of them noted substantial gains throughout the month. Perhaps the strongest performer is Tezos (XTZ) that's up almost 50% since the beginning of November. In any case, the past week, despite the ups and downs, has been positive for the altcoin market as the majority of large-cap cryptocurrencies are marking steady gains.

Full Market Report & Analysis
German Banks to Store BTC
Starting in 2020, German banks might be allowed to store Bitcoin. This will be possible if a proposed draft bill is approved. Read more. 
UpBit Exchange Hacked
The CEO of UpBit has confirmed that a hacker has stolen $50 million worth of Ethereum (ETH) from the exchange. Read more.
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This week chart analysis of:
BTC ETH XRP TRX & MATIC



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Tuesday, November 19, 2019

Bitcoin Retraces To $8000, Altcoins Follow & Bleed: Weekly Crypto Market Update

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Crypto Market Update

Market Cap: $223 B
BTC Dominance: 66.1%
 BTC: $8,160
 ETH: $177
 XRP: $0.252

This week, the market shuffled down and traded in the red. It could be because of the Chinese trying to soothe the hype created around blockchain. They are currently trying to focus on the distinction between Bitcoin and cryptocurrency market and the blockchain technology. 

Bitcoin's downturn to the $8,000 area is driving the market's reaction as the trading volume declines, and the fear index rises. Despite the bearish momentum, some altcoins were in the green. Fusion, for example, surged by 300% this week, and others have also emerged, which shows a mixed trend and further indicates the state of confusion in the cryptocurrency market over the past week. 
 

Full Market Report & Analysis
BoA Shuts Ex-PayPal CFO's Account
The Bank of America has closed the account of the ex-CFO of PayPal. Needless to say, this is something that can't happen with Bitcoin. Read more.
BTC To Overtake Gold by 2028, Bobby Lee
The CEO of what was once one of the most popular Chinese cryptocurrency exchanges thinks that Bitcoin will overtake Gold in market cap by 2028. Read more.
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This week chart analysis of:
BTC ETH XRP FSN & DOGE



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