Bitcoin Says Goodbye to $10K? The Weekly Crypto Market Update

View in browser Weekly Crypto Market Update BTC $9,187 | ETH $207 | XRP $0.2 | Total Market Cap: $255 Billion Bitcoin kissed the $10K mark goodbye this week as the cryptocurrency dropped to as low as $8,800 on Thursday, reaching the trend-line that was forming since the massive drop in March. As expected, BTC received strong support in that area, and its price quickly recovered to around $9,200, where it's currently trading. The dump started suddenly as Bitcoin's price flash crashed on Bitstamp and reached $9,100 in less than a minute. Even though it recovered after that, it turned out to be an unsuccessful attempt to retake the $9,600 support level, and it was all downhill from there. Interestingly enough, the dump took place almost immediately after 50 BTC that was mined in the first month of Bitcoin's existence was moved for the first time since 2009. Speculations run that this scared market participants that it may have been Satoshi Nakamoto selling his holdings. Read The Full Market Update CryptoPotato & Binance Launch 10,000 USDT Airdrop The world's leading exchange Binance and CryptoPotato launched an exclusive 10,000 USDT airdrop. Learn more. Overview of Bitcoin, Ethereum, Ripple, Cardano, and TFUEL This week we've taken a closer look at the performance of Bitcoin, Ethereum, Ripple, Cardano, and TFUEL. For an in-depth look, read more. Zcash Criminal Research Paper The popular cryptocurrency was subject to a recent research paper looking into the extent to which it was used for illicit activities. Read more. 91 Maritza, Plovdiv Bulgaria You received this email because you signed up on our website or made a purchase from us. Unsubscribe