A warm Welcome to our latest crypto Monday of the week in review for this year. We hope you all had a merry Christmas week. That was the case, at least this week, for the most part, for the Bitcoin exchange rate. This shows for a change, not a two-digit Pumps or Dumps, but moved most of its time relatively evenly in the range between 7.400 USD and 7,200 USD. The largest upward deflection of the Bitcoin shows before Christmas eve, when this climbed to the top of 7,700 USD. Towards the end of the week there was the week low point, with 7,100 USD, and currently the exchange rate stands at 7,300 USD (for the editors ‘ time).
Despite the relatively quiet week for the Bitcoin exchange rate this week of exciting News in the entire Crypto Space. First of all, the Crypto-Chaos made Youtube headlines. The Videos of many well-known Crypto-Stars have been deleted on Youtube. As a precautionary measure, many of the affected Youtuber to set up their channels to private. Then the Chaos broke around the spell the end of the week (more on that below).
More positive News for Bitcoin came this week from the fundamentals. These were 2019 as strong as never before and leave on a more positive development for 2020 hope. Indirectly, the failure of the EC-card payment sysstems related to BTC this week on 24. December. This was a few hours, or was only to a limited extent available, much to the frustration of many Last-Minute Christmas Shopper. This could not have happened with Bitcoin? Of course the Altcoins came this week to short. There were also interesting Updates to Ripple, Ethereum, and IOTA.
Of course, there were this week more News and articles with us. See for yourself in our News section over. The most important article of the week, we have summarized in the Following, again briefly for you. On our Youtube channel you will find will find not only our regular week in review with Mirco, but also exciting formats with our Blockchain developers.
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The year in review on our Youtube channel
On our Youtube Channel Mirco leads you on a regular basis through the week and explained some of the relationships and provides important Insights. This Time there was even a whole year in review. Subscribe to our channel so you never miss a thing!
Now we go directly and look at the most important events of this week. A lot of fun with our crypto Monday of the week in review!
Please note: None of this articles listed is to Formulate in any way the trading recommendations. This and the following article are solely for the exchange of information with our readership. Neither crypto Monday nor the author of this text shall be liable for any loss incurred as a result of the trading decisions of our readers. DYOR!
Bitcoin’s fundamental values with all-time high in 2019
By far the most positive News of the week came from Bitcoin itself: the fundamental values of the network were this year as strong as ever. To do this, the transaction volume, the number of transactions and the Hashrate count.
All were able to celebrate this year, according to a Post on the “trade block” its all-time high. So, this year, was sent as much value (measured in USD) as never before in the Bitcoin network. The transaction number cracked this year, almost 12 million mark in may. The hash rate only reached this month with 113 TH/s is your All-Time High.
The history of the assets shows that in the long term, the price approaches the actual value of the Assets, despite interim fluctuations. According to this principle, we can look forward to the Transition into an exciting new decade for Bitcoin. Click here for the full article.
Bitcoin price analysis: Is the height of the flight?
As always, we have analyzed for you this week on Tuesday and yesterday, Saturday the Charts of the well-known crypto-currencies. Including, of course, on the Bitcoin exchange rate. Our TA specialist Felix has analyzed here, the claim by some traders that the Bitcoin price upwards to break out, and in a high-altitude flight may occur. Is that supposed to happen according to the experts, if the price climbs over $7.650. But all in all, this Trend reversal is unlikely.
The Situation is coming to a head currently for the Bitcoin exchange rate anyway. The price is squeezed between the 50 and 100 MA on the weekly chart always stronger together. This will result in the fact that the Bitcoin price breaks out in one direction or another. The direction for this outbreak, however, should be only for short-term traders interesting. In the medium term, the weekly chart speaks a unique language, and says that it could go further down. Click here for the detailed analysis.
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Youtube Crypto spell: Chaos at Christmas
What happened this week in the Crypto-Space? The Chaos was perfect, after the Videos of some of the Crypto-deleted Youtuber, and the Channel of the other, even saved me and “Strikes” have been provided. The Funny thing: the spell of the Videos and channels was totally arbitrary and there is no more detailed the subject was to detect genetic connection to. Since Youtube is, for some in the Crypto-Space is an important source of revenue to put some of their channels to private to avoid further messages.
As it turned out later, the Chaos and the interim ban was “just a glitch in the System”. A Youtube spokesman said the algorithm was not responding correctly and then deleted the Videos or locked channels.
Nevertheless, the discussions go no further, whether or not the unique cause of the Chaos was in a well-targeted hate-wave, and a group reported just the Videos, and these were subsequently closed. The tracks lead back to a group Telegram, and there is a “claim of responsibility” in the Medium. For all who want to learn in detail here, we have here the full article.
Ripple and XRP 2020 leaves the Rest behind?
Ripple and the associated Cryptocurrency XRP hold now for several years the 3. Place all of the Coins according to market capitalization. This is a tight performance, which is no accident. As the Venture Investor (as he is described, at least on his Twitter page) with the Handle @CryptoWelson told by a bullish Tweet about XRP, it could go next year for XRP even further up in the rankings. He compares XRP with its main competitor Ethereum and Bitcoin, and says that XRP gives the people what it can neither ETH nor BTC – quick and secure Blockchain transactions.
The Liquidity Index of the Bot’s Twitter page will also track the progress of the XRP liquidity within the ODL-corridors of Ripple. Also, it reflects a healthy development. So far it works in two directions – Mexico and the Philippines. This ODL corridors have been established thanks to the cooperation between the Ripple and the local stock exchanges. Both corridors are working actively and have achieved in recent times their maximum values. Here you can learn more.
For more hot News of the week
Due to the fact that this week was full of hot and exciting News, we want to give you yet another Overview:
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