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Crypto Market Update

Market Cap: $192 B

BTC Dominance: 68.7%

BTC: $7,293

ETH: $126

XRP: $0.190

The last week of 2019 didn't really bring a lot of excitement within the cryptocurrency market. Bitcoin's price remained trapped within a fairly narrow range between $7,100 and $7,700, while altcoins struggled to claim any new grounds.

As a matter of fact, Bitcoin's dominance stabilized well above 68%, which showed that BTC kept its market share intact, regardless of the lack of any price increases. Despite the fact that Christmas is over, it's important to monitor the price going forward. It's likely that Bitcoin will retest the $7,000 once again and it's crucial to see what happens there.

On another note, the week was very intense in terms of news regarding state-backed cryptocurrencies. A few countries, amid which Russia and Korea, said that they are testing their own iterations and have expressed positivity towards the notion.

Full Market Report & Analysis

YouTube Crypto Ban a Mistake
YouTube has admitted that the cryptocurrency-related ban was a mistake. However, a lot of the videos remain deleted. Read more.

Russia Tests Own CBDC
The Central Bank of Russia has stated that it is exploring a state-backed cryptocurrency in a regulatory sandbox. Read more.