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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