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Is Bitcoin going to $5500? A week in the markets: 21.08.18

Published 08/21/2018, 05:16 AM
Updated 08/21/2018, 06:21 AM
 Is Bitcoin going to $5500? A week in the markets: 21.08.18
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After a week where some of the leading players saw massive downward swings as there was a collective pessimistic trend, the current bloodletting from the start of the week has abated and by the end of the week, 40 of the Top 100 are back in the green for the week.

Market cap recovered at the tail end of the week to be just above the level it started the week.

Bitcoin having a nervous week, just dipping briefly below the $6000 mark, being pumped back to health by Tether releasing two tranches of stored Tether tokens of $50 and $30 million through Bitfinex. Desired stabilization achieved, Bitcoin finishing the week at just under $6,500.

Ethereum having a very tough start to the week, dropping down to just above $250 and recovering but not enough to get out of the red,. It’s a 6.46% loss on the week, but nearly back above $300 now.

Ripple finally br...


This article appeared first on Cryptovest

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