29 Jul Secret Plots, Google Bans, and Augur Assassination Markets: This Week in Crypto
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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 or wherever you get your podcasts.
Price Watch:
- Bitcoin increased nearly 9% this week after a non-trivial gain of 18% last week. The price was all over the place this week, increasing by nearly 5% overnight to the $7,700 level. Other coins, including the recently launched Augur, suffered as bitcoin’s price continued to rise. The prices further rose on Tuesday to nearly $8,300 as altcoins continued to get pounded. The price surge didn’t last long falling back to the $8,100 level. It looked like the price wouldn’t recover as volume flattened, but recovered on Wednesday to hit the critical support level of $8,500. The price took a hit on Friday dropping down to $7,900 after the Winklevii’s ETF was rejected by the SEC but ultimately recovered above the $8,000 mark…
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