Bitcoin Back Above $11K For The First Time In 18 Days: The Crypto Weekly Market Update

View in browser Weekly Crypto Market Update BTC $11,077 | ETH $364 | XRP $0.251 | Total Market Cap: $351 Billion Another week has passed, and it's safe to say it was an intense one. First things first, the major headline is that the US Commodity and Futures Trading Commission (CFTC) charged the owner-operators of 100x Group, the parent company of BitMEX, with illegally running a derivatives exchange. The following day, the UK's Financial Conduct Authority (FCA) announced that it would ban cryptocurrency derivatives starting January 2021. To top it all up, John McAfee was detained in Spain and is to be extradited to the US on tax evasion charges. The SEC is also suing him for failing to disclose $23 million in profits and fraudulently promoting initial coin offerings. The most interesting thing about this week, however, is Bitcoin's price performance. Clearly, it was a horrible week for the industry and, yet, BTC's price stayed stable. Not only that but yesterday, it broke out to the upside and finally conquered $11,000 – something we didn't see since September 20th – 18 days ago. Read The Full Market Update Price Analysis Overview of Bitcoin, Ethereum, Ripple, Monero, and Bitcoin Cash This week we've taken a closer look at the performance of Bitcoin, Ethereum, Ripple, Monero, and Bitcoin Cash. For an in-depth look, read more.  Arthur Hayes no Longer BitMEX CEO Following the CFTC fiasco, the CEO of 100x, the parent company of BitMEX, Arthur Hayes, has stepped down. Read more. John McAfee Arrested, SEC Pressed Charges John McAfee has been detained in Spain and is pending extradition to the US on tax evasion charges. Read more. 91 Maritza, Plovdiv Bulgaria You received this email because you signed up on our website or made a purchase from us. Unsubscribe