This Week In Cryptocurrency - Friday, Dec. 28

Until Next Year…

Every week can’t be a good week. After showing early signs of a rally over the middle/end of December, the market’s been tumbling since Christmas Eve. Since reaching a weekly high of about $146.5B on Monday, the total market cap has dropped 17 percent and currently rests at just over $121.5B.

(Click on image to enlarge)

Cryptocurrency Market Stats (12/28/2018)

Several altcoins took a hammering this week including Bitcoin Cash (-26.61%), Bitcoin SV (-27.88%), Dash (-14.83%), and EOS (-12.40%). Ethereum Classic (6.20%) and Decred (11.66%) were part of a handful of coins posting positive movements. Let’s check in on our top three coins:

Bitcoin shed 9.15% off its price, narrowing in on $3,600.

XRP fell by 6.76%, now sporting a $0.345 price tag.

Ethereum is this week’s winner. The crypto bucked its falling trend actually rising 2.86% over the last seven days. It’s not much, but with the rest of the market in red, it signifies a respectable week.

Domestic Cryptocurrency News

Litecoin Enters the Ring: This Saturday, Litecoin will be featured front and center at the UFC light heavyweight fight between Jon Jones and Alexander Gustafsson. This event marks the first occurrence of an official cryptocurrency partner for the UFC.

The fight should reach millions of viewers which, in turn, means that over a million sets of eyeballs should take notice of Litecoin as well. Reading through the Litecoin Foundation’s statement on the matter, it looks as if this awareness campaign will be the first step in a more in-depth partnership with the MMA organization.

DoD Considers Blockchain for Disaster Relief: The Defense Logistics Agency (DLA), a subset of the U.S. Department of Defense (DoD), released a statement last Friday explaining the agency’s interest in utilizing blockchain technology for disaster relief. Members of the DLA discussed the topic during a two-day presentation hosted by the Continuous Process Improvement (CPI) office earlier in the month.

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