12 Aug Ethereum Classic’s Comeback, Bitmain’s $18 Billion IPO, and Goldman’s Bear Tear: This We…
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Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this week’s edition of The CCN Podcast on iTunes, TuneIn, Stitcher, Google Play Music, Spotify or wherever you get your podcasts.
Price Watch:
- The bitcoin price is down 12% this week following a loss of 15% last week. Bitcoin had been hovering around $8,000 for several weeks leading up to last weeks price drop. The price drop has again been blamed on the SEC’s rejection of the Winklevoss’ second ETF. The price hung around the $7,500 mark bere oscillating downward to below $7,000. Analysts continued to wait for a breakout as the price continued to slump to mid-$6,000. The next day, the price fell further to $6,180. As one of our contributors put it, the price was “pushed off the cliff”. The price rose slightly but failed to maintain momentum.
- Ethereum is down 24% this week at the $308 level greatly…
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