Triaconta Weekly 101 29 November, 2019
The following topics will be addressed in this weekly.
- Bundles performance
- Market overview
The cryptocurrency market has had a very volatile week. After Bitcoins plummet of last week it is showing strong signs of recovery. At the time of writing Bitcoin is up 9.83% compared to last week. Hopefully this will continue in December!
3 Months: -20.23% 1 Month: -19.67% 24H: +4.95%
3 Months: -19.05% 1 Month: -16.02% 24H: +0.99%
3 Months: -7.19% 1 Month: -0.70% 24H: +7.93%
Bitcoin Price Hits Tipping Point Above $7.6K. Bitcoin (BTC) is trading up around 2% at $7,600 on the back of the European session this morning, which is where it has been consolidating for a couple of days. With the weekend looming and the month of November coming to a close, Bitcoin price action is at a critical point and is likely to result in volatility over the weekend.
New German Law Might Allow Banks to Store, Trade Crypto. Exciting development in Germany for “crypto companies”. Germany’s federal parliament Bundestag has reportedly passed a bill that is to allow the country’s banks to store and sell cryptocurrencies next year. However, the legislation is awaiting the approval of the Bundesrat, the parliament’s chamber that represents Germany’s 16 federal states.