The Week in Crypto – Mar 4th 2018

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Welcome to The Week in Crypto – Mar 4th 2018

Weekly summary

Some moderately good gains in the cryptocurrency markets this week. Bitcoin achieved double-digit growth (Monero too), most other cryptocurrencies fared well with gains from 5-10%.

Overall, the cryptocurrency market gained nearly 10%, moving up $429 billion to $465 billion.

Bitcoin: A big rally for the main cryptocurrency this week, with the bulls back in the driving seat – moving the coin from $9,658 to $11,431 (+18.36%)

BTC:USD for w/e 4th March 2018

BTC:USD for w/e 4th March 2018

Ethereum: Only minor movements for the main contracts cryptocurrency this week a move from $843 to $864 (+2.49%)

ETH:USD for w/e 4th March 2018

ETH:USD for w/e 4th March 2018

Ripple: Barely a move this week, but at least it held its ground $0.94 to $0.96 (+2.13%)

XRP:USD for w/e 4th March 2018

XRP:USD for w/e 4th March 2018

Bitcoin Cash: With the bad news surrounding the LitePay launch, Bitcoin Cash woke up and moved up $1178 to $1274 (+8.15%)

Litecoin: After the LitePay debit card failed to launch, Litecoin took a beating and dropped from $223 to $211 (-5.38%)


Weekly stats

Market stats:

  • Total cryptocurrencies: 1,536
  • Market cap: $465,666,711,344
  • BTC dominance: 41.5%

Top 20 cryptocurrencies as by market cap:

Top 20 coins for w/e 4th March 2018

Top 20 coins for w/e 4th March 2018

Market cap changes by coin for the last week:

Cryptomap for w/e 4th March 2018

Cryptomap for w/e 4th March 2018

Weekly news

The Litepay Litecoin failed to happen right at the last minute launch and now the famed debit-card might not happen at all.

The first of the mergers & acquisitions have started in the cryptocurrency space – Poloniex, one of the older-exchanges was snapped up for $400 million by Circle which includes Goldman Sachs as investors (the bank is tied to cryptocurrency now, whether they wanted to be or not). Meanwhile, Square are thinking about introducing Bitcoin to their merchant platform.

Are the regulators now out to control Bitcoin and its volatile price? Plus, Quebec aren’t so keen on giving cheap electricity to Bitcoin miners.

Someone duped ex-Apple co-founder Steve Wozniak into losing 7 Bitcoins, meanwhile a nice (?) hacker returned over 30,000 Ethereum.

Meanwhile, a $10 BILLION lawsuit could supposedly finally unveil the Bitcoin creator identity (although unlikely).

Weekly Longreads

TIME has a good article on a guy who sold Bitcoin on LocalBitcoins.com – the peer to peer cryptocurrency exchange. Unfortunately, he sold his Bitcoin to undercover police posing as cocaine dealers.

Here, on CoinGuide we had our eighth week of our Crypto Project 2018, which is our investment of $2500 across 25 different cryptocurrencies.

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We’ll be back next week with another update on Sunday, 11th March!

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