Bitcoin Plunges Below $10K Following Golden Cross, Tezos Breaking Records: The Crypto Weekly Market

Market Update BTC $9,708 | ETH $266 | XRP $0.275 | Total Market Cap: $283 Billion The last week was action-packed for Bitcoin but also for altcoins. The entire market was on a wild ride, seeing notable gains and sharp declines. First things first, Bitcoin charted a Golden cross for the first time this year. The 50-days moving average crossed over the 200-days moving average. Last time this happened, the price surged with about 165% in 60 days. However, immediately after the pattern emerged, Bitcoin went through one of its worst hourly declines ever. After plunging to about $9,300 in a violent hourly candle, Bitcoin recovered, and it currently trades at around $9,700. This is also the first level of resistance on the way up, and if it manages to break it, $9,900 will follow. On the way down, the first support level is at $9,550, which proved to be strong in the past couple of days. Below that, there's $9,400. Read the full market update Bitcoin, Ethereum, Ripple, Tezos, Binance Coin Overview In this week's cryptocurrency overview, we analyze BTC, ETH, XRP, XTZ, and BNB. For a detailed look read more. Sweden's Central Bank To Test National Cryptocurrency The central bank of Sweden will reportedly begin testing its own national cryptocurrency. Read more. Bitcoin is "Next Generation Gold", Block.one CEO says Brendan Blumer, the CEO of Block.one - the publisher of EOS, Bitcoin is "next generation gold." Read more. George Cryptopotato Boulevard Maritza 91, Plovdiv, 4000 Unsubscribe - Unsubscribe Preferences