Bitcoin Steady Above $6,000 As The US Surpasses China In COVID-19 Cases: The Crypto Weekly Update

View in browser Weekly Crypto Market Update BTC $6,662 | ETH $137 | XRP $0.177 | Total Market Cap: $186 Billion In the past seven days, bitcoin managed to add another 10% to its dollar-value as the price spiked from about $6,000 to its current point at $6,600. Yet, most of the time, it traded within a narrow range between $6,400 and $6,700. The overall volume has also declined, and, as such, the volatility decreased. If one thing is sure, though, is that Bitcoin doesn't like to stay calm for long periods, and major action is likely underway. Most of the altcoins are following in Bitcoin's lead and remained stable over the week. This is the main reason for which Bitcoin's dominance almost didn't move a bit and is only up a tiny 0.2%. The cryptocurrency that stands up on top of the crowd over the last seven days is XRP, as it's up about 19% from its low seven days ago, with the majority of it gained today. The overall economic outlook, however, continues to look troublesome. The US is working on a bill that would allow the Federal Reserve to print trillions of dollars in the form of stimulus for the economy. Read The Full Market Update Price Analysis Overview of Bitcoin, Ethereum, Ripple, Monero, and IOTA This week we've taken a closer look at the performance of Bitcoin, Ethereum, Ripple, Monero, and IOTA. For an in-depth look, read more.  Bitcoin Could Reach $17,800 By September Historical data suggests that following an extreme difficulty adjustment like the most recent one leads to massive price gains. Read more. Bitcoin Might Be Decoupling Bitcoin might already be decoupling from the performance of major indices such as the S&P 50 and the DJI. Read more. 91 Maritza, Plovdiv Bulgaria You received this email because you signed up on our website or made a purchase from us. Unsubscribe