| The last week hasn't been full of a lot of action with Bitcoin's price. The cryptocurrency traded sideways within a relatively tight range between $7,600 and $7,100. However, it managed to retain its market dominance, as it accounts for about 66.6% of the entire capitalization. This also means that altcoins failed to break any new grounds. Almost all of them were also trading sideways or experienced slight losses. One which stands out, however, is Tezos. Just like the week before that, during the last seven days, XTZ is once again in the green, up more than 35% over the period. Tezos managed to become the 10th largest cryptocurrency. Bitcoin's network continues to improve, as well. Recent reports showed, however, that 66% of its entire hashrate pertains to miners in china. A closer look reveals that there is no single entity that is anywhere near to controlling 51% of it, meaning that it manages to achieve its true purpose – proper decentralization. |
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