In the last seven days we have seen the market pick itself up from one of the lowest points for a long time and start to recover in the second half of the week. Headlines have been dramatic across the regular press from declaring crypto as being over to declaring Bitcoin the outright winner and everything else is dying.
With the weekly market cap showing the present dip hitting its lowest point in the first half of the week, which is around the 186 billion mark. If we then step out into a year view to see the bigger picture and that low corresponds with the market levels for the beginning of last November.
As for Bitcoin dominance, it’s up, but step back to the year view and you can see the patterns do not indicate it is a knockout level for the other currencies and this would also be based on a very simplistic outlook that the crypto world is just about being a virtual currency and ignoring all the other intricacies.
Getting down the main players, Bitcoin, pulling itself back into the green and getting a 2.46% rise on the week.
Ethereum, well, they have been hitting all the headlines and everyone seems to have an opinion on this one. As Ethereum took a bigger bashing and dropped all the way down to 178, with Casper updates looking a year away, miners not happy with the...
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