Weekly Crypto Report July 3 to 10

    News and Updates

    The cryptocurrency market as a whole has enjoyed a very fruitful past few months. The question that most of you will be thinking, is this as good as it gets and should sell or should I be picking up some more?

    Either way, this resurgence is more than welcome especially after the massive crash throughout 2018 and the early part of 2019. We all know about the previous highs of Bitcoin for example, at close to $17,000 before then slumping down to as low as $3,400 in December.

    Bitcoin is actually looking great once again but can this be said for the rest of the cryptocurrencies? Let’s take a look at how they have done in the last week.

    Bitcoin (BTC) – Up $1,656.09 (14.6%)

    It has been a very strong three months for Bitcoin as we’re sure many of you know. Up an amazing 121.74% in that time, this is a cryptocurrency that has finally started to enjoy a consistent upturn once more.

    In the last week, the price has continued to increase with it finishing up 14.6% and $1,656.09 up on its price last week.

    Most of that increase came during the early part of this week on Monday, Tuesday, and Wednesday but it should be said that at the time of writing this report, it has once again fallen to a similar price as it was seven days ago.

    Start – 7/3/19 Wed 11:59 am: $11,315.37

    Finish – 7/10/19 Wed 11:59 am: $12,971.46

     

    Bitcoin Cash (BCH) – Up $11.24 (2.68%)

    Bitcoin Cash has also enjoyed a solid three months with a growth in value of more than 50% in that time. While it cannot touch the success levels of its older brother, it can certainly take plenty of positives about the resurgence of the cryptocurrency market as a whole.

    The last seven days have hardly seen the most exciting of developments but a steady increase of 2.63% and a value increase to $424.44 from $413.20 is not to be sniffed at.

    Mirroring BTC, BCH saw most of its increases coming in the early part of the week. Tuesday, in particular, was a good day although it has dropped down a little since then. 

    Start – 7/3/19 Wed 11:59 am: $413.20

    Finish – 7/10/19 Wed 11:59 am: $424.44

     

    Litecoin (LTC) – Down $1.99 (-1.65%)

    With close to a 20% increase in price across the last three months, holders of Litecoin will also be fairly optimistic about the future of their investment. Of course, it is still well away from its highs in the early part of 2018 but that can be said about all cryptocurrencies.

    The last week has actually seen it suffer a bit of a drop in value. It has dropped from $121.03 to $119.04 which equates to 1.65%.

    As of Friday, LTC did actually hit a weekly high of $126 but since then it has gradually fallen to where it is today. It has not been a great start since either, as it has dropped right down to just $102 but we will have to see how the rest of the period pans out.

    Start – 7/3/19 Wed 11:59 am: $121.03

    Finish – 7/10/19 Wed 11:59 am: $119.04

     

    Dogecoin (DOGE) – Up $0.000328 (9.69%)

    The last few months of 2018 and the first few months of 2019 were a tough time to be an investor into Dogecoin. The previous high values of the cryptocurrency consistently fell week on week until it was left at around a third of that value.

    Since then, however, a resurgence has certainly occurred and it is now enjoying a slow but consistent increase most weeks. It has grown in value to the tune of 9.69% in the last week alone.

    Friday is the day where most of the action occurred for Dogecoin with its value actually soaring to $0.004438. That price has steadily fallen since then to finish where it did at 11.59am on Wednesday.

    Start – 7/3/19 Wed 11:59 am: $0.003220

    Finish – 7/10/19 Wed 11:59 am: $0.003548

     

    Ethereum (ETH) – Up $14.27 (4.70%)

    Life will feel good right now if you are holding any Ethereum as its value has risen close to 60% in the last three months. While not at the 120% levels of Bitcoin, that is certainly a good sign for the coming months.

    Ethereum has enjoyed another solid week in the cryptocurrency market with an increase in value of $14.27.

    The early hours of Monday saw the biggest jump in value for Ethereum as it rose from $291.30 to $306.85 and it consistently increased from there over the coming days. Its price has fallen since the cutoff of our report but with the rest of the week to go, there can be some confidence of it swinging back.

    Start – 7/3/19 Wed 11:59 am: $296.39

    Finish – 7/10/19 Wed 11:59 am: $310.66

     

    Ripple (XRP) – Down $0.0099 (-2.48%)

    July has not been the best of months for Ripple thus far with it losing a good 20% of its value since the end of June. Previously valued as high as $0.4884, it had dropped to $0.4035 at the start of our weekly report to $0.3936 at the end of it.

    Whether this is a lack of confidence in the Ripple project is a discussion for another day but Ripple has been struggling in the markets compared to many other cryptocurrencies of late.

    Its value has also fallen lower since that cutoff with it now valued at just $0.3295. Could it start to claw some of those losses back in the next few days? We have little choice but to wait and see.

    Start – 7/3/19 Wed 11:59 am: $0.4035

    Finish – 7/10/19 Wed 11:59 am: $0.3936

     

    EOS.IO (EOS) – Down $0.09 (1.56%)

    The last 30-days will have been tough to bear if you have any EOS in your portfolio. Close to 30% of its value has been shaved off in that time period and the past seven days have hardly been profitable either.

    Another 1.56% of the value of EOS has been lost since last Wednesday and it currently sits with a value of $5.87.

    That is actually quite a minimal loss as the value has been quite steady for the most part. Small ups and downs throughout the week but just left a little down on its value at the cutoff. All we can do is hope for some improvement come the next weekly report.

    Start – 7/3/19 Wed 11:59 am: $5.96

    Finish – 7/10/19 Wed 11:59 am: $5.87

     

     

     

     

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