Welcome to The Week in Crypto – Apr 22nd 2018
Everyone is calling the end to the bear market (in all fairness, Bitcoin has broken the downtrend on several exchanges if you do TA – “technical analysis”) – but we prefer to wait another week to make sure we are totally out of the woods before we call it. Saying that, the numbers don’t lie..
Overall, the cryptocurrency market moved up over 20% again, this time from $322 billion to $395 billion.
Bitcoin: Modest gains this week, the rest of the market outperformed Bitcoin, but it still had good single-digit growth from $8,286 to $8,903 (+7.45%)
Ethereum: Worked with the rest of the market and made some good gains from $524 to $639 (+21.95%)
Ripple: Outperformed the market with a very strong upward move from $0.67 to $0.89 (+32.84%)
Bitcoin Cash: Wow, what a week for Bitcoin Cash holders – up a huge amount from $775 to $1,234 (+59.22%)
NEW ENTRY FOR #5: EOS: Out of blue, it has knocked Litecoin down a place – up 38% this week to $11.57
Litecoin: Not a bad gain for Litecoin, although the market outperformed it, it still had gains from $130 to $149 (+14.61%)
- Total cryptocurrencies: 1,584
- Market cap: $395,205,374,418
- BTC dominance: 38.3%
Top 20 cryptocurrencies as by market cap:
Market cap changes by coin for the last week:
A great week in the cryptocurrency markets – but first, stop tweeting about Binance adding dollar pairs – it isn’t happening yet. SaveDroid exit-scammed, but actually, it didn’t – either way, plenty of people got annoyed. Sick of the Twitter war between Bitcoin and Bitcoin Cash we talked about last week? Don’t worry, it is on Reddit too – Roger Ver stepped in this week to offer $100k for a ‘free speech’ moderator (something that @Bitcoin on Twitter certainly didn’t adhere to).
Earlier this week the European Parliament voted in favour of regulating cryptocurrencies (the markets barely reacted for once), two men were sentenced in South Korea for a $20-million crypto pyramid scheme (small fry if you compare to Bitconnect) and Twitter’s “Blue tick” is causing more problems with users losing Ethereum and Bitcoin by the boatload (hint: no-one that gives crypto away legitimately will ask you to send any first – stop doing it!)
Finally, everyone is calling the Bitcoin bull market has returned – but has it? South Korea’s Bitcoin premium is back – which is an unusual, but reliable indicator bizarrely. Let’s see this time next week!
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We’ll be back next week with another update on Sunday, 29th April.