Welcome to Tokenleak’s Xmas Crypto News Roundup! So, it’s Merry Christmas and a Happy New Year. Let’s hope it’s a good one without any fear, uncertainty and doubt…
This week saw the first signs of (whisper it) recovery in the cryptocurrency market with delicate growth forming like the first snowflakes of winter. Some zealots are already hailing the arrival of a much anticipated bear run, whilst clearer heads merely hope the uptick survives beyond the spring thaw.
At the head of the Xmas crypto news table stands Bitcoin, confidently carving the roast with an increasingly festive market cap of 73.9 billion US dollars (USD). The blockchain magi will be rejoicing the return of the King this Christmas as the world’s first cryptocurrency reported steady growth of 5% over the past 24-hours.
Ripple, darling of legacy finance and dodgy Middle Eastern human rights violators, will probably be celebrating the New Year in Dubai, taking shameless selfies in a scandalous bikini as it boasts an enviable 16% bounce in its coin value.
Joining the party late, with an impressive 15% price bump, was Ethereum which had threatened to become the Grinch who stole Christmas before it apparently discovered a little good will to all men.
These gains for CoinMarketCap’s top three equate to aggregated increases of about 30% over the last week, a stat echoed across the value of the market as a whole (which grew from around 100 billion USD to around 134 billion USD in the same seven-day period).
On the development front, Mark “I’m CEO, B*tch!” Zuckerberg has decided to take a break from sifting through your holiday photos in order to follow China’s WeChat into the payments market. It’s thought that Zuckerberg’s WhatsApp platform is investigating the viability of offering blockchain-based remittance services via the messaging application. I don’t know about you but I’m still not entirely sure I trust the Z-Dog with my CV, let alone my bank details.
With bearish market conditions, regulatory clarity and developmental strides all looking likely in the New Year, the most valuable gift being given in CryptoLand this Christmas is a little bundle of optimism!