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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.