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Crypto Market Update

Market Cap: $252 B

BTC Dominance: 66.9%

BTC: $9,356

ETH: $189

XRP: $0.301

The surge of interest in China woke up the entire cryptocurrency market and boosted Bitcoin's trading volume. Yet, Bitcoin maintains relative stability, and the market is waiting to see the direction in which it will take off towards the end of the year.

The altcoin market also felt the surge, and it seems that a lot of them are strengthening their communities and surviving the harsh crypto winter. Moreover, we continue to see a lot of additional fundraising and, perhaps, the relatively small fine that EOS paid won't scare off entrepreneurs to seek funding, and we could see another wave like the one back in 2017. However, many investors have learned from their mistakes and are no longer in a hurry to throw their money at baseless promises.

When it comes to Bitcoin, the week was fairly eventful. We saw a flash crash on the Deribit cryptocurrency exchange that caused its price to pull back to $7,700 in seconds only to recover moments later. This shows that the market is still rather small and that liquidity is an issue in specific domains. It will be interesting to see if the upward trend continues or if we will see a correction at the end of the year, especially with the historically volatile November ahead.

Full Market Report & Analysis

Remember November: Volatility Ahead
November has historically been a very volatile month for Bitcoin. Experts weigh in on whether we are in for another crazy month. Read more.

Study: 2017 Surge Caused By One Whale
A recent study indicates that the parabolic increase in Bitcoin's price back in 2017 was the result of manipulation by one whale. Read more.