View this email in your browser

Crypto Market Update

Market Cap: $215 B

BTC Dominance: 68.2%

BTC: $8,060

ETH: $143

XRP: $0.209

Bitcoin's price has been on a wild ride this week. So far, January definitely doesn't disappoint in terms of volatility and excitement. Seven days ago, Bitcoin was trading at slightly above $7,300. As the week progressed, however, its price shot up to $8,400 only to pull back down to $7,700 from where it's currently recovering.

At the time of this writing, Bitcoin's price stands slightly above $8,000 but it's interesting to see where it will go from here. On another note, this week was particularly intense in terms of political events as well. The US President Donald Trump ordered an airstrike against Baghdad's Airport, which had the General of Iran's Revolutionary Guard's Quds Force killed.

This unfolded a very interesting correlation between Gold, Bitcoin, and Oil. The price of all those assets shot up amid the rising market uncertainty. This caused a lot of people to believe that Bitcoin is, indeed, starting to be perceived as a store of value.

Full Market Report & Analysis

China Tightens Regulations
China has introduced a new bill which increases the oversight the Government has on transactions. Bitcoin emerges as an alternative. Read more.

Elon Musk Mentions Bitcoin
Elon Musk, the popular tech entrepreneur, has once again mentioned Bitcoin. This puts the cryptocurrency in front of the eyes of his millions of followers. Read more.