RATE Group | This Week in Cryptocurrency – August 24, 2018
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This Week in Cryptocurrency – August 24, 2018

24 Aug This Week in Cryptocurrency – August 24, 2018

Posted at 17:49h in Cryptocurrency News by

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*Sad Trombone*

Although not a dramatic drop-off like we’ve seen in previous weeks, the market remained relatively stagnant seeing slightly lower ‘lows’ throughout the week.

This week, the entire market dipped just -0.04% on the heels of several Bitcoin ETF rejections (or were they reviews?) by the SEC. While some view anything but twenty percent gains as a negative, the lack of price movement after this negative news mean that we may have finally found a floor. Fingers crossed

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Blockchain’s poster boy, Bitcoin, rose 1.29% this week – an impressive stat considering the negative press.

Ethereum continued to get hammered, down 7.35% in the last seven days.

And XRP, the coin everyone loves to hate is this week’s big winner, up 4.04%.

crypto market

Domestic Cryptocurrency News

SEC Rejects Numerous Bitcoin ETFs (For Now): Eight more Bitcoin ETF proposals join the Winklevoss ETF in the SEC’s reject pile. The primary reason for the rejections, so far, has been the inability of the exchanges to provide enough proof that they…

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