Friday, December 6, 2019

Weekly Market Summary: Records Are Breaking As Bitcoin Stuck Above $7000

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Crypto Market Update

Market Cap: $201 B
BTC Dominance: 66.9%
 BTC: $7,469
 ETH: $149
 XRP: $0.225

December 2019 is already here, and it came in kicking. November's volatility doesn't seem to end, as, in the past seven days alone, Bitcoin went through a couple of significant swings. The world's largest cryptocurrency reached a high of around $7,800 in the past week, only to decrease to as low as $7,150 and recover a few days later to where it's currently trading at around $7,460.

On another note, the network of Bitcoin has demonstrated its enhanced capabilities as it processed over $8.9 billion in a single hour, setting a brand new record. Not only has the cryptocurrency increased in value over the past few years, but its network is also maturing, highlighting some of its essential benefits.

Bitcoin's dominance continues to struggle between 66% and 67%, meaning that altcoins are still able to hold their grounds. Some of them made impressive strides, including MATIC, which noted 160% bi-weekly gains, starting its very own private altcoin season.

Full Market Report & Analysis
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[Featured] 3C Exchange introduces an advanced interface which allows users to integrate trading bots and other exciting features. Read more. 
BTC Breaks Records
Bitcoin's network processed upwards of $8.9B in transactional volume in less than an hour, setting a new record. Read more. 
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This week chart analysis of:
BTC ETH XRP MATIC & RAVEN



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