CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin For Beginners
    • Bitcoin & Crypto Guides 101
  • IEO & ICO List
    • IEO & ICO List
    • Token Sale Evaluations
    • Airdrops
  • Fund
  • Buy
  • Language
    • עברית
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Bitcoin & Crypto Margin Trading
  • Bitcoin Price Analysis
  • The ICO & IEO List
  • CryptoPotato Crypto Fund
  • Airdrops
  • Ethereum Price Analysis
  • Ripple Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • עברית
  • bitcoin
    BTC$7,329.64
  • ethereum
    ETH$146.99
  • bitcoin
    BTC$7,329.64-2.32%
  • ethereum
    ETH$146.99-2.02%
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    Crypto Market Update Dec.26: Positive Week For Bitcoin & Altcoins Following Positive News
    Home » Market Updates » Crypto Market Update Dec.26: Positive Week For Bitcoin & Altcoins Following Positive News

    Crypto Market Update Dec.26: Positive Week For Bitcoin & Altcoins Following Positive News

    Author: Jonathan Berger Updated Oct 1, 2019 @ 12:51

    A positive crypto week: The markets had corrected nicely, as both the buyers’ trading volume is showing signs of a comeback.

    The crypto market held steady and did not break the $ 100 billion market size and showed a 30% growth this week. However, this is not yet a change in the long-term trend.

    Is it a new Altcoin season? Bitcoin leads the crypto market, but every time the coin rises, the Altcoins rise even more. This week felt like the beginning of a new Altcoin season. But not so fast: when the Bitcoin price dropped over the past two days, the altcoins suffered more.

    Among the Altcoins, Bitcoin Cash had nice gains over the past week with a 50% increase against Bitcoin. The war against Bitcoin Cash SV is far from being decided.

    Our next weekly update will be in the next year. The crypto markets end 2018 with a little hope and more significant hope for the coming 2019 year. The desire for a reversal:

    Where will it come from? STOs, Stablecoins or as we noticed over the past week – Donald Trump and the economic instability?

    The market cap is $128 billion, and the dominance has dropped to 51.7% in favor of Bitcoin (thanks to the rising altcoins).

    Crypto News

    af255fb6-377b-4eb3-828c-fce507a23615

    Is the Federal Reserve interest rate hike cause the Bitcoin surge? Correlations between different markets were also believed to include crypto. Many now question whether or not the recent Federal Reserve interest rate growth is directly responsible for a Bitcoin surge that dominated the previous week.

    Over 4,800 crypto pump-and-dump schemes recorded in the last 6 months. Cryptocurrency price manipulation is one of the tremendous problems of the crypto space, and it is believed to be one of the reasons why institutional investors choose to stay away. According to a recent study, around 4,818 schemes designed to change crypto prices artificially were recorded in only six months.

    Phase 2 coverage of the Blockstream Satellite network goes live. The Blockstream Satellite network, which previously covered North and South America, Africa, and Europe has now expanded to add the Asia-Pacific region. Another announcement also revealed that the Blockstream Satellite API, a new broadcast service, will arrive in January 2019.

    New clues suggest Tether’s claims of having full coverage of its coins might be true. One of the largest crypto-controversies of 2018 revolved around a stablecoin Tether (USDT), which was believed to be unable to back each of its coins with the appropriate amount of fiat. However, a recent bank statement shows a large amount of money on Tether’s account, suggesting that the initial rumors might be wrong.

    Deposits for Bitcoin, XRP, and Ethereum now open on SBI Holdings’ VCTRADE. SBI Holdings-owned cryptocurrency exchange VCTRADE has recently announced that it will start accepting deposits for three cryptocurrencies — Bitcoin (BTC), XRP, and Ethereum (ETH). Additionally, the exchange plans also to allow Bitcoin Cash (BCH) deposits next, although the exact date was not specified.

    The launch of Bakkt exchange might see yet another delay. Bakkt Bitcoin futures market was already supposed to arrive and mark the next step on the road to mainstream crypto adoption, but the project got postponed and scheduled for early 2019. Due to the lack of proper approvals from the US CFTC, however, it is possible that another delay may be announced in the following weeks.

    Facebook creating its own cryptocurrency, designed to work with WhatsApp messaging service. The social media giant, Facebook, was believed to be interested in cryptocurrencies for months, and many speculated that the platform might develop its coin. New information has revealed that the company plans to develop a stable coin which will be used for sending money via its messaging service, WhatsApp.

    Raiden Network’s “Red Eyes” entering of alpha testing phase followed by doubling of Ethereum’s value. During the last week’s crypto price surge, Ethereum managed to double its price as the crypto market itself regained $40 billion. The sudden growth of ETH value came just after Raiden Network announced that its Ethereum mainnet-hosted “Red Eyes” project is ready to enter the testing phase.

    Chart Analysis

    This week we have chart analysis of Bitcoin, Ethereum, Bitcoin Cash and Doge – Read more here.

    Click here to start trading on BitMEX exchange and receive 10% discount on fees for 6 months.


    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.
    Technical analysis tools by Coinigy.

    You might also like:

    Deloitte Survey: 83% Of Executives See Compelling Use Cases For Blockchain

    Deloitte Survey: 83% Of Executives See Compelling Use Cases For Blockchain

    MATIC Crashes 70% Overnight Following Panic Selling According to CZ

    MATIC Crashes 70% Overnight Following Panic Selling According to CZ

    Ukraine Set To Legalize Cryptocurrencies As Means Of Payment And Investment

    Ukraine Set To Legalize Cryptocurrencies As Means Of Payment And Investment

    Crypto Community Crowns Tezos (XTZ) As The New ‘Ethereum of 2017’

    Crypto Community Crowns Tezos (XTZ) As The New ‘Ethereum of 2017’

    Ripple Price Analysis: XRP Goes Back Up To $0.23, Can Christmas Come Earlier?

    Ripple Price Analysis: XRP Goes Back Up To $0.23, Can Christmas Come Earlier?

    Bakkt Launches The First CFTC-Regulated Option on Bitcoin And Cash-Settled Futures

    Bakkt Launches The First CFTC-Regulated Option on Bitcoin And Cash-Settled Futures

    Ethereum Price Analysis: ETH Claims $150 But Can It Go Any Higher?

    Ethereum Price Analysis: ETH Claims $150 But Can It Go Any Higher?

    Bitcoin Trading Volume in Argentina Hits New ATH As The President-Elect Announced New Cabinet

    Bitcoin Trading Volume in Argentina Hits New ATH As The President-Elect Announced New Cabinet

    The US IRS Wants To Know How You Got Your Bitcoin

    The US IRS Wants To Know How You Got Your Bitcoin

    Anthony Pompliano: Bitcoin Price At $100,000 By December 2021 (Exclusive Pomp Interview)

    Anthony Pompliano: Bitcoin Price At $100,000 By December 2021 (Exclusive Pomp Interview)

    As New Week Starts, Bitcoin Price Is About To Take a Critical Decision (BTC Analysis & Overview)

    As New Week Starts, Bitcoin Price Is About To Take a Critical Decision (BTC Analysis & Overview)

    What Are Bitcoin Price Gaps? How Can They Affect The Price?

    What Are Bitcoin Price Gaps? How Can They Affect The Price?

    Ethereum’s Istanbul Hard Fork Is Now Live: What to Expect

    Ethereum’s Istanbul Hard Fork Is Now Live: What to Expect

    Bitcoin Price is Likely To Re-Test $4,400 Before Turning Bullish Again, Prominent Analyst Explains

    Bitcoin Price is Likely To Re-Test $4,400 Before Turning Bullish Again, Prominent Analyst Explains

    Tezos Price Analysis: XTZ Climbs To $1.40 But Can It Go Higher?

    Tezos Price Analysis: XTZ Climbs To $1.40 But Can It Go Higher?

    Bitcoin Is Ready For Another Volatile Weekend: Saturday Crypto Market Watch

    Bitcoin Is Ready For Another Volatile Weekend: Saturday Crypto Market Watch

    Weekly Market Summary: Records Are Breaking As Bitcoin Stuck Above $7000

    Weekly Market Summary: Records Are Breaking As Bitcoin Stuck Above $7000

    Crypto Price Analysis & Overview December 6th: Bitcoin, Ethereum, Ripple, Raven, and Matic

    Crypto Price Analysis & Overview December 6th: Bitcoin, Ethereum, Ripple, Raven, and Matic

    Turn Of Events: General Manager of BIS Urges Central Banks To Embrace Digital Money

    Turn Of Events: General Manager of BIS Urges Central Banks To Embrace Digital Money

    Is Binance Bidding For Lichtenstein Union Bank? Binance CFO Denies

    Is Binance Bidding For Lichtenstein Union Bank? Binance CFO Denies


    About The Author

    Jonathan Berger View more posts by this author

    Breathing crypto since early 2013. Jonathan lives 24-7 analyzing market condition and current situation. One of his hobbies is mining very low-cap altcoins. Contact Jonathan: Facebook

    Join Our Community

    • Facebook

    • Twitter

    • YouTube

    • Telegram


    CloudBet
    Bitcoin Editorials

    Anthony Pompliano: Bitcoin Price At $100,000 By December 2021 (Exclusive Pomp Interview)

    Anthony Pompliano: Bitcoin Price At $100,000 By December 2021 (Exclusive Pomp Interview)

    Dec 8, 2019

    What Are Bitcoin Price Gaps? How Can They Affect The Price?

    What Are Bitcoin Price Gaps? How Can They Affect The Price?

    Dec 8, 2019

    Bitcoin Price is Likely To Re-Test $4,400 Before Turning Bullish Again, Prominent Analyst Explains

    Bitcoin Price is Likely To Re-Test $4,400 Before Turning Bullish Again, Prominent Analyst Explains

    Dec 7, 2019

     2 Years Since the Bitcoin Bubble: How Easy is it to Buy Cryptocurrencies Compared to 2017? 

     2 Years Since the Bitcoin Bubble: How Easy is it to Buy Cryptocurrencies Compared to 2017? 

    Nov 20, 2019

    Become a CryptoPotato VIP

    Receive our market updates and crypto trading tips and news by email (We hate spam, and send max of 1 weekly mail):


    Recent Posts
    • Deloitte Survey: 83% Of Executives See Compelling Use Cases For Blockchain

      Deloitte Survey: 83% Of Executives See Compelling Use Cases For Blockchain

      Dec 10, 2019
    • MATIC Crashes 70% Overnight Following Panic Selling According to CZ

      MATIC Crashes 70% Overnight Following Panic Selling According to CZ

      Dec 10, 2019
    • AVALO-Energy: Friendly Use Of Renewable Energy And Blockchain Technology

      AVALO-Energy: Friendly Use Of Renewable Energy And Blockchain Technology

      Dec 9, 2019
    • Ukraine Set To Legalize Cryptocurrencies As Means Of Payment And Investment

      Ukraine Set To Legalize Cryptocurrencies As Means Of Payment And Investment

      Dec 9, 2019
    • Crypto Community Crowns Tezos (XTZ) As The New ‘Ethereum of 2017’

      Crypto Community Crowns Tezos (XTZ) As The New ‘Ethereum of 2017’

      Dec 9, 2019
    Become a CryptoPotato VIP
    Receive our special crypto tips and news by email: We hate spam, and send max of 1 weekly mail
    About
    Advertise on CryptoPotato
    About Us | Contact Us

    Scholarship
    Cannabis Stock News
    Stock Analysis & Overview
    Terms of service | Privacy Policy | GDPR
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright Cryptopotato Team 2016
    Scroll to top