Bitcoin Stagnates, Still Up 10% This Week

In letter

  • Bitcoin has had a slow couple of days.
  • But it’s still for the week and the year.
  • Some altcoins are also slowing down.

The price of Bitcoin continues to rise, although gains have been less regular over the past few days.

It is only up 0.57% today after falling nearly 4% yesterday. The current price is 19,119.

Bitcoin’s recent stagnation is a slip of the line – Bitcoin is up nearly 10% this week, and the price is still holding above $ 19,000.

At the beginning of the week Bitcoin Hit $ 19,846, to break the previous all-time highfrom $ 19,738.

Other cryptocurrencies have left Bitcoin behind in its stagance. The second largest Cryptocurrency according to market capitalization, etheris up just over 1% today to $ 593, but it’s still up 12% this week. XRPthat has recently surpassed rope As the third largest cryptocurrency by market capitalization, it is down around 1.6% today and over 4% over the week; It is now $ 0.58.

The stagnation reflects a larger pattern in the crypto market. Total market cap is up just 0.78% today to $ 565 billion.

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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.