It was another brutal week for equities and the end to a brutal month. The ASX 200 lost ~6% this month, wiping out its yearly gains and then some. It’s down around 4% for the year now. If you had some Bitcoin allocation in your portfolio you would have fared a little better this month […]
After last Monday’s Tether induced price spike, XBT reverted to the range bound trading we have become accustomed to. XBT closed for the week flat at AU$9,020, within the AU$8,900 – AU$9,100 range we have seen for the past few weeks. The most notable move was the 45% ZRX rally on Tuesday/Wednesday which happened after […]
More price volatility this week than what we have seen of late. The general risk-off sentiment from last week’s equity pull back saw crypto prices, especially alts, retreat. XBT was down at one point 17%, ETH down 18%, BCH down 19% and XRP down 27%. XBT recovered somewhat, with a little help from Tether to […]
Welcome back to another Australian crypto market update. There has been plenty of positive news local and abroad to make up for the lack of price movement this week. In markets we saw more low volatility in Bitcoin, trading within a 3% range for yet another week. BCH kept most of its recent gains, dropping […]
This week, the price action was in the alts. BCH had a strong week off the back of Bitmain’s IPO filing. We saw whipsaw price movements earlier in the week before rallying 18% on Wednesday night and a further 10% on Thursday. It was up 13% for the week overall. XRP held onto its gains after doubling in value last week. It briefly dropped 13% on Monday only to recover most of that the following day. BTC remained stable, trading within a range of only a few hundred dollars. Closing the week flat around the AU$9,250 mark.
