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Turbulent Week For Bitcoin's Price, Volatile Christmas Coming Up? The Weekly Market Update
| | BTC: $7,200 | ETH: $128 | | XRP: $0.193 | | December is almost over, and it's safe to say that it has been action-packed. Over the past week, Bitcoin's price went on a rollercoaster, dropping to a low of around $6,500 only to correct to approximately $7,200 where it currently trades, leaving many to question whether the bottom was already in. It's worth noting that while the price was jumping up and down throughout the entire week, Bitcoin's dominance has been surging. In the last seven days, it's up almost 2%, standing at 68.3%. This means that altcoins have been struggling to claim any new grounds, despite the turbulent price action. Looking at the major cryptocurrencies, the week has been relatively disappointing. Most of them are charting decreases upwards of 5% against both Bitcoin and the USD. Of course, as it's almost always the case, Bitcoin's recovery also helped altcoins, and they did manage to patch up some of the losses from the beginning of the week. | | | | | Ripple Raises $200 Million Ripple has raised $200 million from investors in order to improve its blockchain and to boost the utility of XRP. Read more. | | | | | Fidelity Expands To EU One of the world's largest asset managers will be expanding its cryptocurrency services to the European Union. Read more. | | | | | We Are On Telegram Get daily crypto updates and be the first to know on crypto news and price analysis. Join now | | | | | | | | | |
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