This Week in Coins

Decrypt’s handy Saturday morning crypto market roundup.

Collection

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…

NewsCoins4 min read

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…

NewsCoins3 min read

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…

NewsCoins3 min read

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…

NewsCoins4 min read

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…

NewsCoins4 min read

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…

NewsCoins3 min read

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…

NewsCoins4 min read

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…

NewsCoins4 min read

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…

NewsCoins3 min read

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…

NewsCoins

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…

NewsCoins

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…

NewsCoins4 min read

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…

NewsCoins3 min read

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…

NewsCoins

Tim HakkiApr 8, 2023

Mar 25

This Week in Coins: Investors Rehash Bitcoin’s ‘Safe-Haven’ Status as DeSantis Takes Aim at CBDCs

This week in coins. Illustration by Mitchell Preffer for Decrypt. Last week’s crypto mega rally slowed this week. Still, many leading coins still posted double-digit gains over the last seven days. The upward price action was escalated by the crisis hitting Credit Suisse, which last Wednesday needed a $54 billion loan from Swiss National Bank to shore up liquidity. By Sunday, there was an announcement that domestic rival UBS agreed to buy the ailing bank in an emergency deal worth over $3 billio…

NewsCoins

Tim HakkiMar 25, 2023

Mar 18

This Week in Coins: Bitcoin, Ethereum Post Mega Rallies After Banking Intervention

This week in coins. Illustration by Mitchell Preffer for Decrypt. After three consecutive weeks of losses, prices turned verdantly green for holders of the two largest cryptocurrencies by market cap this week. Bitcoin (BTC) blew up 36% over the past seven days and now trades at around $27,515 according to CoinMarketCap data. Last week, Bitcoin shed around 10% in reaction to news that the industry-servicing Signature Bank and Silicon Valley Bank (SVB) had both failed. The industry’s No. 2 coin…

NewsCoins

Tim HakkiMar 18, 2023

Mar 11

This Week in Coins: After Silvergate and Silicon Valley Bank Collapse, Bitcoin and Ethereum Crash

This week in coins. Illustration by Mitchell Preffer for Decrypt. It was the third consecutive week of market-wide depreciation in 2023. The repercussions of the announced “wind down” of Silvergate Bank were still unfolding when Silicon Valley Bank failed. Market leaders Bitcoin and Ethereum saw heavy losses, but they weren’t the only losers: virtually every leading cryptocurrency is down by double-digit percentages coming into the weekend. The markets were first roiled by the demise of crypt…

NewsCoins

Tim HakkiMar 11, 2023

Mar 4

This Week in Coins: First Two Weeks of Straight Losses in 2023, Bitcoin and Ethereum Dip

This week in coins. Illustration by Mitchell Preffer for Decrypt. It was the second consecutive week of straight losses for leading cryptocurrencies. The start of the third month of the year comes off the back of the first two weeks of losses in 2023. Considering that the end of 2022 was a virtual freefall for the whole market, it’s too early to say whether crypto has stumbled back into the woods or not. The pullback this week appeared to be a reaction to news that crypto bank Silvergate delay…

NewsCoins

Tim HakkiMar 4, 2023

Feb 25

This Week in Coins: Bitcoin, Ethereum Dip as Crypto Market Sheds $58B

This week in coins. Illustration by Mitchell Preffer for Decrypt. It was a week of all-around losses, with holders of the two biggest cryptocurrencies by market capitalization also hit by the bearish price action. Market leader Bitcoin (BTC) only depreciated by 6% over the last seven days and currently changes hands at $23,136, according to CoinGecko. Ethereum posted a slightly lighter loss of 7% over the same period to land on $1,604 at the start of the weekend. Beyond the market leaders, it wa…

NewsBusiness4 min read

Tim HakkiFeb 25, 2023

Feb 11