This Week in Coins

Aug 26

This Week in Coins: Bitcoin and Ethereum Recover While Pepe Gets Squeezed

Illustration by Mitchell Preffer for Decrypt. This week markets appeared grateful for the dearth of news—”no news is good news,” as the saying goes. Most leading cryptocurrencies recovered their losses over the week after last Thursday’s flash crash sank virtually all leading cryptocurrencies by double-digit percentages. Bitcoin (BTC) currently holds the fort at $26,015, about 0.4% cheaper than it was this time last week. A lot of Bitcoin mining machinery came online this week, as evinced by the…

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Tim HakkiAug 26, 2023

Aug 19

This Week in Coins: Flash Crash! Bitcoin and Ethereum Shed 10% as Altcoins Tumble

Illustration by Mitchell Preffer for Decrypt. The prices of leading cryptocurrencies took another downturn this week after briefly inching upwards the week before. Market leader Bitcoin (BTC) posted a mild overnight drop of 2% to below $29,000 on Thursday, after minutes of the latest Federal Reserve policy meeting were released the day before. The document indicatesthat the U.S. central bank will continue its conservative monetary policy in an ongoing effort to rein in inflation. Later that da…

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Tim HakkiAug 19, 2023

Aug 12

This Week in Coins: Bitcoin and Ethereum Prices Inch Upwards After PayPal Pitches Stablecoin

Illustration by Mitchell Preffer for Decrypt. Leading cryptocurrencies finally broke a six-week spell of poor price performance or inertia this week. Market leader Bitcoin (BTC) added a modest 1.5% to its market value over the seven days to trade at $29,408 on Saturday. According to the latest weekly report by CoinShares, last week was a strong indicator that institutional investors have stopped shorting the leading currency for the first time in fourteen weeks. Meanwhile, Ethereum (ETH), the…

NewsCoins4 min read

Tim HakkiAug 12, 2023

Aug 5

This Week in Coins: Sparse News Extends Streak of Underwhelming Bitcoin and Ethereum Prices

Illustration by Mitchell Preffer for Decrypt. It was the sixth consecutive week of underwhelming price performance by leading cryptocurrencies. There was a dearth of adoption or regulation stories, which for crypto fans and holders made this one of the slowest weeks in recent memory. Market leader Bitcoin (BTC) fell 1.1% over the last seven days and currently trades at $28,972. Its closest rival, Ethereum (ETH), fell 2.3% to change hands at $1,829, according to CoinGecko. Tether’s dollar pegge…

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Tim HakkiAug 5, 2023

Jul 29

This Week in Coins: Weak Week for Bitcoin and Ethereum—and Worldcoin

Illustration by Mitchell Preffer for Decrypt. The beginning of the week saw the underwhelming launch of Worldcoin Protocol, along with its native cryptocurrency, WLD. Worldcoin is co-founded by Open AI CEO Sam Altman and the premise is at once utopian and dystopian: anyone wanting some WLD has to visit an ”Orb”—these can currently be found in Berlin, Dubai, London, Mexico City, Miami, New York City, San Francisco, Seoul, and Tokyo— and get a snapshot of their eyeballs taken. This biometric dat…

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Tim HakkiJul 29, 2023

Jul 22

This Week in Coins: Bitcoin and Ethereum Dip as Chainlink, XRP, XLM Lead Growth

Illustration by Mitchell Preffer for Decrypt. Last week’s blistering altcoin rally tapered off this week as Chainlink, XRP, XLM, Stellar and TRX were the only coins to post any notable gains over the last seven days. Bitcoin (BTC) and Ethereum (ETH) entered the weekend slightly lower than they did this time last week. Bitcoin dropped 1.5% to its current price of $29,869, according to CoinGecko. Meanwhile, the world’s second favorite coin, ETH, dropped 2.5% to trade at $1,888 at the time of wr…

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Tim HakkiJul 22, 2023

Jul 15

This Week in Coins: XRP Leads Alt Week as Solana, Cardano and Polygon Outperform Bitcoin and Ethereum

Illustration by Mitchell Preffer for Decrypt. It was a week of altcoin rallies after Ripple’s courtroom victory against the SEC, and details of an upcoming Polygon 2.0 rollout shifted attention away from the two market leaders. Bitcoin (BTC) still gained in value, a modest 3%, and currently changes hands at $30,287, according to CoinGecko. On Monday, reports hit the press that the British multinational bank Standard Chartered predicted that Bitcoin will hit $120,000 before 2025. It wasn’t qui…

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Tim HakkiJul 15, 2023

Jul 8

This Week in Coins: Solana Surges as Bitcoin and Ethereum Rally Rebound

Illustration by Mitchell Preffer for Decrypt. Echoing last week, the values of market leaders Bitcoin and Ethereum remained pretty inert over the past seven days. Nonetheless, market leader Bitcoin (BTC) hit a one-year high after crossing the $31,000 threshold on Monday on news that the world’s largest asset manager, BlackRock, was refiling its application to the SEC for a Bitcoin spot ETF—a regulated investment vehicle that, if approved, would provide investors with exposure to Bitcoin without…

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Tim HakkiJul 8, 2023

Jun 24

This Week in Coins: Bitcoin and Ethereum Rally Hard Post-BlackRock

Illustration by Mitchell Preffer for Decrypt. The recovery that began last week—after U.S. inflation appeared to cool—hit its stride this week as markets continued to reverberate from the bombshell of the world’s largest asset manager, BlackRock, filing an application to the SEC for a Bitcoin spot Exchange-Traded Fund (ETF). Dozens of companies apply for ETFs, and dozens have been rejected. To date, not a single Bitcoin spot ETF has been approved by the crypto-skeptic SEC, despite the fact that…

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Tim HakkiJun 24, 2023

Jun 17

This Week in Coins: Markets Recover as Inflation Cools Down

Illustration by Mitchell Preffer for Decrypt. Markets recovered from last week’s crash after readings this week showed that U.S. inflation cooled to 4%, more or less in line with expectations. On Wednesday, the Fed elected not to raise interest rates at a meeting for the first time in eighteen months. Leading cryptocurrencies traded sideways that day but appear to have made some gains entering the weekend. Bitcoin posted a slight gain of 3% over the last seven days to trade at $26,428 on Saturd…

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Tim HakkiJun 17, 2023

Jun 10

This Week in Coins: Market Crashes as SEC Slams Binance and Coinbase

Illustration by Mitchell Preffer for Decrypt. Crypto markets crashed hard this week on news that the U.S. Securities and Exchange Commission had launched enforcement actions against Binance on Monday, followed by Coinbase the next day—both sued for allegedly operating as unregistered securities exchanges. The pair are the two largest crypto exchanges in the world—and the entire industry took notice. Market leaders Bitcoin (BTC) and Ethereum (ETH) sustained among the lighter losses among leading…

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Tim HakkiJun 10, 2023

Jun 3

This Week in Coins: XRP, Litecoin and Solana Outpace Bitcoin in Week of Small Gains

Illustration by Mitchell Preffer for Decrypt. Markets managed to finally overcome four weeks of inertia and grow a little this week, but perennial leaders Bitcoin and Ethereum remained virtually flat, with only nominal gains over the last seven days. Bitcoin (BTC) added 1.8% this week and traded on Saturday at around $27,189. It briefly reclaimed $28,000 at the start of the week, however, after U.S. lawmakers ended their standoff over the debt ceiling last weekend with a tentative deal. Ethereu…

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Tim HakkiJun 3, 2023

May 13

This Week in Coins: Bitcoin and Ethereum Lead Market Pullback as Dollar Rises

Illustration by Mitchell Preffer for Decrypt. Despite a small midweek growth spurt on news that the U.S. Department of Labor’s inflation readings were lower than expected, Bitcoin (BTC) and Ethereum (ETH) entered the weekend with moderate losses over the last seven days. Bitcoin is down 7.9% and trades for $26,817. Even the news that the Principality of Liechtenstein will soon accept it as payment for state services could not stop the biggest cryptocurrency by market capitalization from posting…

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Tim HakkiMay 13, 2023

May 6

This Week in Coins: Bitcoin and Ethereum Stand Still After Fed Rate Hike

Illustration by Mitchell Preffer for Decrypt. After posting small gains last weekend, the price growth of crypto market leaders Bitcoin (BTC) and Ethereum (ETH) slowed to effectively nothing this week. Bitcoin remains at the level it was this time last weekend, hovering around $28.820, a decrease of about 5% from its April high of $30,979 set nearly three weeks ago but still about 77% up from the start of January when the price was $16,615. Ethereum added 4.2% to its value over the seven days…

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Tim HakkiMay 6, 2023

Apr 29

This Week in Coins: Bitcoin, ICP and Solana Lead Small Market-Wide Rally

This week in coins. Illustration by Mitchell Preffer for Decrypt. Most of the top thirty cryptocurrencies by market capitalization have appreciated in value over the last seven days, with Bitcoin (BTC), Solana (SOL), and the Internet Computer Project (ICP) leading the rally. Bitcoin is around 7.5% pricier than it was this time last weekend and trades for $29,295 as of this writing. On Monday, the world’s favorite cryptocurrency slipped down to $27,500, but on Wednesday, it reclaimed $29,000 af…

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Tim HakkiApr 29, 2023

Apr 22

This Week in Coins: Market Slumps as Bitcoin and Ethereum Drop Over 10%

This week in coins. Illustration by Mitchell Preffer for Decrypt. There was a limit to crypto’s growth this week as the market is still pricing the effects of another possible interest rate hike from the Fed. These indications led to a strengthened dollar, but halted the crypto rally of the previous week, which was spurred on when Ethereum’s “Shapella” upgrade went live. This week’s news was a veritable feast of regulation stories in both the United States and the European Union, with the drama…

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Tim HakkiApr 22, 2023

Apr 16

This Week in Coins: Bitcoin Recovers $30K as Ethereum’s ‘Shapella’ Goes Live

This week in coins. Illustration by Mitchell Preffer for Decrypt. While the Bitcoin and Ethereum’s price rallies over the last seven days are, numerically speaking, not particularly notable, given their long histories of sometimes explosive price movement, there was a definite sense that it was still a significant week for both. Bitcoin (BTC) rose 7.6% to its current price of $30,146, meaning that it finally recrossed the $30,000 support barrier for the first time in nine months and has managed…

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Tim HakkiApr 16, 2023

Apr 8

This Week in Coins: Bitcoin and Ethereum Unmoved, Musk Makes Dogecoin Noise

This week in coins. Illustration by Mitchell Preffer for Decrypt. It was a relatively quiet news week in the cryptoverse, reflected by the fact that barely any of the top cryptocurrencies by market capitalization moved dramatically in the past seven days. Market leader Bitcoin (BTC), which has a market cap of well over half a trillion dollars, entered the weekend down a marginal 1.4% from seven days ago. It currently trades at $28,030 according to CoinGecko. Ethereum (ETH) went in the opposi…

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Tim HakkiApr 8, 2023

Mar 25