The price of bitcoin topped $3,000 for the first time, then crashed going as low as $2150.
Most cryptocurrencies followed suit, reducing the global cryptocurrency market cap to below the $100 billion mark.
Since then, Bitcoin has recovered.
Ether reaches all-time high
Ether continues to surge at unprecedented rates, breaking previous records and setting new all-time highs constantly.
The continues upsurge is likely connected to the EEA organization, to the upcoming protocol changes (PoS, ZK-Snarks), and possibly do to the recent news about Vitalik Buterin meeting the President of Russia, Vladimir Putin.
The growing amount of ICOs and dApps being launched on Ethereum may also be a driving factor in the ETH rally.
News of the week
In the near future the Russian Finance Ministry will finalize proposals for cryptocurrency regulation
The U.S. Department of State has launched Blockchain@State, a working group created to “research applications of Blockchain or distributed ledger technologies in U.S. foreign policy”
The South Korean government is planning to auction 216 bitcoins, worth around $518,000, seized during a series of previous investigations into illicit financial activities
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