Welcome to The Week in Crypto – Mar 11th 2018
Three big things this week brought the market lower – fears of regulation, rumours of an exchange hack, and news of a massive seller in the market. More details below!
Overall, the cryptocurrency market lost over 15%, moving down $465 billion to $393 billion.
Bitcoin: The primary coin suffered some losses this week and fell from $11,431 to $9,698 (-15.16%)
Ethereum: Mirrored Bitcoin quite closely to fall $864 to $733 (-15.16%)
Ripple: Faired better than the other coins, but now well below the all time high in January down $0.96 to $0.84 (-12.5%)
Bitcoin Cash: BCH managed to keep the losses to a minimum this week, but still fell $1,274 to $1,154 (-8.15%)
Litecoin: Like Bitcoin Cash, Litecoin also managed to stem losses as heavy as other coins – although still fall from $211 to $191 (-9.42%)
- Total cryptocurrencies: 1,556
- Market cap: $393,174,941,001
- BTC dominance: 41.7%
Top 20 cryptocurrencies as by market cap:
Market cap changes by coin for the last week:
One of the trustees for the Mt. Gox hack came out with how many Bitcoin he’s already sold – and how many he still wants to sell. You can keep track of the whole thing over on Reddit. Bitmain the huge Bitcoin miner producer (and mining company) is looking to setup shop in the US.
A familiar cat and mouse game is playing out for this cryptocurrency exchange – is it just banks being “protective” or are they doing their best to stop cryptocurrencies growing?
Meanwhile, the graphic designer for this ICO looks a little familiar!?
There is a war raging on Twitter (when isn’t there?) – this time it is all about @bitcoin, but at least Twitter is going to look at all those cryptocurrency scam accounts soon..
A longread on why Bitcoin and other cryptocurrencies should be shutdown, a follow on from the Illicit cryptomining article. Also, Bitcoin is ridiculous (supposedly). Also, Wired talk about the background of the ICO bubble – just think of a name and start a coin, right? Finally, blockchain, blockchain, blockchain.
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We’ll be back next week with another update on Sunday, 18th March!