| The past seven days, despite being intensive in terms of important news, were less than exciting when it comes to pricing. Most of the cryptocurrencies experienced substantial losses. Bitcoin, unlike the majority of altcoins, performed relatively well in comparison. It's still down about 5% on the week, but its market dominance has increased to about 44%, which is a considerable improvement. The downward pressure started last Saturday when the price tanked from about $38K down to $35K on Sunday. Immediately as the working week took off, though, the price plummeted, and by Tuesday, bitcoin was trading at a low of $31K. From there, we saw a considerable bounce, bringing it all the way up to $38.5K, but unfortunately, bulls were unable to sustain, and we're currently sitting at a price around $37K. Altcoins had it a lot worse, though. Ethereum is down about 15% on the week, Binance Coin - 16.6%, Cardano - almost 19%, DOGE - 20%, Ripple - 18%, and so forth. It has been a bloodbath week for altcoins, it goes without saying. In terms of news, however, it was an absolutely historic week. El Salvador officially became the very first country to recognize and formalize Bitcoin as a legal tender. The primary cryptocurrency is now listed as one of the official currencies of El Salvador in a move that many thought would never come. It's interesting to note that the country's Congress voted the decision with a supermajority. | 
The Week The First Country Accepted Bitcoin as Legal Tender: The Weekly Crypto Recap