It has been another action-packed week for cryptocurrencies and the underlying blockchain technology. In this roundup crypto market weekly update, we cover the biggest headlines this week in the crypto space.
Which Big News Did You Miss?
Ripple CEO Reveal Factors That Will Drive XRP Growth In The Next Twelve Months: Brad Garling said at Singapore Fintech Festival that the best performing crypto in 2018 will continue to do well because it solves a “real problem” and possesses other strong attributes. Read the full story here.
Swiss Crypto Firm Receive Islamic Finance Certification, Despite Crypto Debates In Islam: The issue of whether cryptocurrency is a “haram” has been defied by a crypto startup. X8 AG, a Swiss company, has received financial certification from Islamic scholars for business expansion in the Middle East and beyond. Read the full story here.
Coinfomania Announces $50 BTC Giveaway To Reward Readers: We gave away some BTC via our Official Twitter handle to show appreciation to our loyal readers. You can find out who won the giveaway, and participate in the next rounds by following Coinfomania on Twitter. Read the full story here.
Massive Sell-Off Sees Market Shed Over 15 Billion, Crypto Market Watch Nov, 15: Between Nov 14 and Nov 15, the crypto markets shade more than 20% of its total market cap to send bitcoin crashing below $5600 for the first time in 2018. It was a bloody day for traders in the last week in crypto. Read the full story here.
Poloniex Exchange Halts BCH Markets After Bitcoin Cash Hardfork: Following the successful initiation of a hardfork on BCH, the Circle-owned exchange closed BCH markets and canceled deposits and withdrawal in the two hardfork cryptos BCHSV and BCHABC. Read the full story here.
Current Market Performance of Top 5 Cryptos
Bitcoin is recording 1% gain at $5,603.90 after massive plunge from $6600 over the last week. BTC current daily volume is at $4,020,786,522.
Ripple XRP dethroned Ethereum ETH as the world’s second largest cryptocurrency, but how long can it hold the position? The centralized coin is recording 5.77% gains at $0.51 with a daily volume of $881,048,583
Ether is recording a 1.05% gain against the dollar at $175.45 per ETH with a volume of $1,768,632,716.
Bitcoin Cash is still suffering from the aftermath of the recent hardfork. The currency is down by 2.34% against the dollar with daily volumes of $281,600,171.
Stellar XLM is enjoying its position as the 5th largest cryptocurrency by market cap after overtaking EOS. The coin is recording 3.82% gains against the dollar in the last 24 hours with a volume of $100,559,581.
What’s Trending In The Community?
Gold ETF vs Bitcoin ETF – Reddit.
Bitcoin. What is possibly happening – Bitcointalk
Is Bitcoin for the people or for the corporations? – Bitcointalk
Top 3 Gainers
Top 3 Losers
What To Expect In This Week
A significant market bounceback is likely going to be on the cards following the market slip up. Bitcoin and most of the top altcoins have started posting new gains within the last 24 hours and carrying this trend into the new crypto week should be enough to chase the bears away.
Current market cap: $186 billion
BTC market cap: $97 billion
BTC dominance: 52.5%
Stay tuned for our Crypto Market Weekly Update next week, and don’t forget to join our telegram channel where all the big things happen. You might just be the lucky person to win our next giveaway!
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