Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

View in browser Weekly Crypto Market Update BTC $17,156 | ETH $520 | XRP $0.56 | Total Market Cap: $513 Billion Bitcoin has a way of surprising people. This week was no exception. A few days ago, almost everyone believed that the cryptocurrency is inevitably headed to a new all-time high. And how could they not? BTC was trading at a few hundred USD below the record from back in 2017. Unfortunately, things took a turn for the worst. Yesterday was undoubtedly a bad day for bitcoin as it plunged a total of around $3,000 in less than 24 hours. From a high of about $19,500 down to $16,200, the bears poked and showed their faces. The entire market lost around $80 billion of its capitalization as altcoins actually had it worst. During the market dive, Bitcoin's dominance actually increased, showing that not only altcoins failed to hold their ground, but they dropped harder than BTC. Since then, there has been a slight recovery and at the time of this writing, the primary cryptocurrency is trading at around $17,100. Read The Full Market Update Advertisement Price Analysis Overview of Bitcoin, Ethereum, Ripple, Chainlink, and Stellar Lumens This week we've taken a closer look at the performance of Bitcoin, Ethereum, Ripple, Chainlink, and Stellar Lumens. For an in-depth look, read more.  6 Reasons For Bitcoin's $3K Daily Crash Here are six possible reasons for which Bitcoin crashed around $3,000 in less than 24 hours. Read more. $500 Million Worth of BTC Withdrawn from OKEx As OKEx resumed regular functioning this week, $500 million worth of BTC were immediately withdrawn from the exchange. Read more. 91 Maritza, Plovdiv Bulgaria You received this email because you signed up on our website or made a purchase from us. Unsubscribe