This Week In Cryptocurrency - Friday, Dec. 14

“But it ain’t about how hard you hit. It’s about how hard you can get hit and keep moving forward” – Boxing Movie Man

The total cryptocurrency market cap fell from $104B to $102.1B, a drop of 1.82% for the week, which isn’t so bad compared to the beating that markets have been taking over the past few weeks. 

Bitcoin slipped down 4.58% to $3,241. 

Ripple and Ethereum are down 4.87% and 4.61% respectively. 

However, the market was not without its green. EOS is up 6.28%, and a few other alts saw some massive gains reminiscent of 2017, a time where seeing double-digit green in the cryptocurrency market was a daily occurrence *lights and finishes a cigarette in one drag, stares wistfully at a wall for a few moments*. Waves went up a cool 63.04%TenX up 48.29%Dentacoin up 33.45%, and Swarm up 85.89%. A far cry from these project’s all-time-highs, but a pleasant note in an otherwise dreary few weeks.

(Click on image to enlarge)

Cryptocurrency markets 12/14/2018

Domestic Cryptocurrency News

Congressmen Introduce Bills Opposing Crypto Price Manipulation: Republican Ted Budd and Democrat Darren Soto have joined hands across the aisle to put an end to cryptocurrency price manipulation. The two men have introduced a couple of bills that “direct the CFTC and other financial regulators to make critical recommendations for how to improve the regulatory environment for both the consumer and business development side.”

The first bill, The Virtual Currency Consumer Protection Act, asks the CFTC to analyze current price manipulation and propose regulatory changes to prevent it in the future. The second, The U.S. Virtual Currency Market and Regulatory Competitiveness Act, wants the organization to conduct a study of the regulations of other countries to find “alternatives for current burdensome regulations that may inhibit innovation.” The new bill seems like a win for all parties involved.

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