Bitcoin Gets Away From $20K: The Crypto Weekly Market Update

View in browser Weekly Crypto Market Update BTC $17,969 | ETH $544 | XRP $0.554 | Total Market Cap: $530 Billion While Bitcoin has increased by a total of around 400% since the March lows, the picture doesn't appear as bright in the short-term as it draws away from $20,000. Over the past seven days, the cryptocurrency lost over $1,000 of its dollar value, charting a decrease of about 5%. During the week, BTC managed to increase to above $19,300, but, unfortunately, it was all downhill from there. The cryptocurrency touched a low of $17,650 yesterday before recovering slightly to its current level of $18,000. As CryptoPotato reported, it's testing critical 2-month support on the 4-hour 200 EMA that was last touched back on October 8th. It's important to see whether the level will hold or if further lows await. The entire cryptocurrency market is down over the course of the week, losing about $25 billion as most altcoins are also deep in the red. Read The Full Market Update Price Analysis Overview of Bitcoin, Ethereum, Ripple, Cardano, and Chainlink This week we've taken a closer look at the performance of Bitcoin, Ethereum, Ripple, Cardano, and Chainlink. For an in-depth look, read more.  Wells Fargo Compares BTC to the 1850s Gold Rush Financial services giant Wells Fargo has compared investing in bitcoin to the Gold Rush in the 1850s. Read more. MicroStrategy to Buy Another $650M Worth of Bitcoin MicroStrategy has announced the successful completion of a $650M convertible bond offering and it plans to buy more bitcoin. Read more. 91 Maritza, Plovdiv Bulgaria You received this email because you signed up on our website or made a purchase from us. Unsubscribe