Bitcoin Joins the Alt-Season Breaking $10k: The Crypto Weekly Market Update

View in browser Weekly Crypto Market Update BTC $11,364 | ETH $346 | XRP $0.255 | Total Market Cap: $337 Billion This week was nothing short of exciting in the cryptocurrency markets. Bitcoin definitely woke up from its slumber and made a few aggressive moves upwards. Altcoins felt the pain as most of them decreased in value as the king of crypto took its toll. In seven short days, Bitcoin went from around $9,600 to $11,400, charting gains upwards of just shy of 20%. Earlier on Monday, the cryptocurrency catalyzed its performance, jumping from $9,800 to $11,200. After that, it consolidated for a few days, and just today, it painted fresh 2020 highs at around $11,400. While all of this was happening, altcoins took somewhat of a beating. The total share of Bitcoin relative to that of the entire market increased to about 62.6%, which is 1.5% more than last week. In other words, altcoins have been losing grounds. Read The Full Market Update Price Analysis Overview of Bitcoin, Ethereum, Ripple, Chainlink, and VeChain This week we've taken a closer look at the performance of Bitcoin, Ethereum, Ripple, Chainlink, and VeChain. For an in-depth look, read more.  Whales Buy 50K BTC Per Month According to a recent report, whale accounts are buying over 50,000 Bitcoin per month. Read more. Fidelity: Bitcoin is a Store of Value One of the world's largest asset managers has acknowledged Bitcoin as a store of value. Read more. 91 Maritza, Plovdiv Bulgaria You received this email because you signed up on our website or made a purchase from us. Unsubscribe

Read More [...]

BTC $11,376 (+2.3%) • ETH $344 (+2.8%) • XRP $0.253 (+2.9%) ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

	Here’s who bought $67 billion worth of Bitcoin, crypto in America in 2020 BTC $11,376 (+2.3%) • ETH $344 (+2.8%) • XRP $0.253 (+2.9%) CryptoSlate Jul 31 Bitcoin, and the crypto market, have finally blossomed after a long two-year-wait. The pioneer cryptocurrency broke its $11,000 resistance earlier this week, spurring double-digit gains across a broader set of altcoins.  Firms like Coin Metrics, a crypto markets data and investment provider, say that if these growth rates are maintained, Bitcoin’s current daily volume would need “fewer than 4 years of growth to exceed the daily volume of all US equities and fewer than 5 years to exceed the daily volume of all US bonds.” But who’s buying billions of dollars worth of cryptocurrencies anyway? A recent survey has the answer. Read the full story here ➡️ More news ⏬ Despite pullback, top Ethereum token Synthetix (SNX) is seeing “heavy accumulation” Before the craziness of yearn.finance (YFI) and Ampleforth (AMPL), the hottest token in decentralized finance was arguably Synthetix Network Token. 2 min read → PR: Next generation peer-to-peer trading platform, CryptoLocally, now supports ETH, USDT (ERC-20), and DAI CryptoLocally, a next-generation peer-to-peer (P2P) trading platform, has recently announced the support for Ethereum-based tokens. Learn more Thanks to our premium sponsors ⭐️ XBTPro Exchange - $250 welcome bonus, zero fees on deposits, and very low trading fees. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. Chainlink (LINK) oracles are now powering dApps on NEAR Protocol Chainlink’s decentralized oracles have launched on NEAR Protocol, a sharded, developer-friendly, proof-of-stake public blockchain that’s going head to head with Ethereum. 2 min read → Devs are trying to copy the Ethereum DeFi token that rallied 100,000% in a week If you’ve been following Ethereum, decentralized finance, or crypto in general over the past week, you likely know of the native coin of yearn.finance, YFI. 2 min read → Ampleforth (AMPL) succeeding will be “unbelievably bullish” for Ethereum One of the biggest trends in Ethereum and decentralized finance (DeFi) over the past few weeks has been Ampleforth. 2 min read → Why one VC expects Ethereum to continue gaining value against BTC in coming years Ethereum has gained some notable ground against Bitcoin since the start of the year, which is reflected in the cryptocurrency’s BTC trading pair’s value. 2 min read → Litecoin may be trying to pump into “deflating fundamentals” as price nears $60 Litecoin is currently caught within a slight uptrend that has allowed it to post some large gains throughout the past few days. 3 min read → Crypto market data For more pertinent market data, please see: 🌚 Cryptocurrency Rankings 📈 Biggest Gainers - 24h 📉 Biggest Losers - 24h 💰 Highest Volume - 24h 🆕 Recently Added Coins Connect with us Telegram Twitter Facebook LinkedIn Instagram Spotify  Podcasts Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article. If you liked this post from CryptoSlate, why not share it? Share © 2020 Zenzio Incorporated Unsubscribe 11010 Harbor Hill Dr NW, STE B405, Gig Harbor, WA 98332

Read More [...]