Every Week Can’t Be Green
The good times can’t last forever. After a few weeks of consistent growth, we finally saw a pullback this week. The crypto market cap fell from $174.7B down to a low of $167.7B before climbing back up to $172.7B. Overall, we saw a one percent loss on the week. Not too shabby.
Most coins were in the red with the exception of Ethereum Classic (10.00%), Crypto.com Chain (67.15%), and Nano (16.13%). As for our top three:
Bitcoin went against the market grain, posting a 1.39% rise.
Ethereum didn’t do much, bringing in a 0.34% gain.
XRP was the big loser, dropping 9.80% over the week.
FaceCoin Could Be Worth a Cool Billion: According to NY Times reporter Nathanial Popper, Facebook is shopping around for venture capital firms to invest in their cryptocurrency to the tune of…zooms in on Dr. Evil’s face…one billion dollars.
The social media giant will allegedly use the new cash as collateral for its upcoming crypto. The new coin will most…