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Author Topic: [2018/07/02]This Week in Crypto: Down and Droppin  (Read 10 times)
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July 02, 2018, 03:34:43 PM
Last edit: July 07, 2018, 02:44:49 AM by johnine

Same story, different week. The cryptocurrency market has continued its slow and steady decline. We’ve had week-after-week of losses for the entire month on June, and May wasn’t much better. All of that to say, we haven’t bucked the downtrend yet, folks, and there’s not much to indicate that we will in the near-future.

At $234 bln, the entire market has shed 8% of its value over the week. Bitcoin is also treading below its previous lows in February and April. No one has a crystal ball, but breaking below these previous support levels should not inspire confidence.

Bitcoin: Crypto’s golden boy has lost 4.5% of his value this week with a price of $5,900.

Ethereum took a pretty heavy hit this week. With 13% knocked off of its price. It’s currently priced at $411.

Ripple: At $0.43, Ripple isn’t fairing much better than Ethereum, as it’s down 12% on the week.


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