It was finally a good week for the cryptocurrency market, with the overall market value of crypto assets rising 24% to $488 billion compared to the previous week.
Bitcoin rose 28% to $10,500 and ether rose 12% to $930. The market went into a full recovery mode, gaining ground every day during the week. However, the trading volume is still very thin, indicating that investors are not quite ready to fully jump back in yet.
In addition, bitcoin performed strongly during the week, with bitcoin dominance increased from 34.7% to 36.7%, which is another indication that investors prefer safer cryptocurrency.
After the crash over the past few weeks, the market is still in a risk-off mode and it probably takes weeks before investors become greedy again. This is, in our opinion, a good development as the market is now more rational.
Coinbase offers a new solution for e-commerce that accepts BTC, ETH, BCH, and LTC: https://techcrunch.com/2018/02/15/coinbase-offers-a-new-solution-for-e-commerce/
BitGrail Cryptocurrency Exchange Claims $195 Million Lost to Hackers: http://fortune.com/2018/02/11/bitgrail-cryptocurrency-claims-hack/
Atari Is Launching Its Own Cryptocurrency, Atari Token: https://www.forbes.com/sites/insertcoin/2018/02/17/atari-is-launching-its-own-cryptocurrency-atari-token-because-of-course-it-is/#5c8c3c844030
Bank of America is the Company with the Most Blockchain Patents: https://www.bloomberg.com/news/articles/2018-01-16/bofa-tops-ibm-and-payments-firms-with-most-blockchain-patents
Number of Cryptocurrency Hedge Funds Rises to 226 Globally: https://www.reuters.com/article/uk-hedgefunds-bitcoin/number-of-crypto-hedge-funds-surges-amid-bitcoin-volatility-idUSKCN1FZ189
Ellen DeGeneres Is Down with Bitcoin: https://news.bitcoin.com/ellen-degeneres-is-down-with-bitcoin/
Articles From Crush Crypto
Solve Care ICO Review: https://crushcrypto.com/solve-care-ico-review/
PolicyPal ICO Review: https://crushcrypto.com/policypal-ico-review/
Crusher of the Month – Bibox Token: https://crushcrypto.com/bibox-crusher-feb-18/
* The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.