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Bitcoin in Miami

The Annual Bitcoin Conference came to an end last Sunday in Miami, and although attendance was at all-time high with over 30k attendees, the price of bitcoin fell back below US$40k for the first time since mid-March, and the rest of the crypto market dropped along with it. At the time of writing,

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Aussie bank makes stablecoin history

It was another week in the black for bitcoin and most of the crypto market, momentarily breaking the US$48K level mid-week, before pulling back and trading at $46,347 at the time of writing.
Ether outperformed bitcoin for a second consecutive week, up 10.72% vs bitcoin’s 3.79% over the last seven days.

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EU votes against banning proof-of-work

Bitcoin inched higher over the last week, breaking the US$40K level once again, and was trading at $41,920 at the time of writing.
Ether’s price action outperformed bitcoin, up 13.07% vs bitcoin’s 7.06% over the last seven days.
Bitcoin’s market cap rose to $796B, market dominance is at 42.07%, and the entire crypto market is valued at $1.89T.

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Executive order good for crypto

Bitcoin traded in a tight range for most of the week, however rose on news of United States President Joe Biden’s executive order on crypto before giving up the gains a day later and finishing the week flat. Bitcoin was trading at US$39,134 at the time of writing.
Ether’s price action lagged bitcoin once again,

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Crypto in the face of war

Bitcoin started the week strongly adding over 14.5% which was the largest daily gain since 8 February 2021, and managing to breach the US$45K level, but failed to hang onto most of the gains into the weekend. Bitcoin is trading at $39,523 at the time of writing.
Ether’s price action lagged,

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Bitcoin bounces around

Bitcoin managed to squeak a positive return over the last week despite a 12% drawdown after Russia’s military invaded the Ukraine. The bitcoin price fell to US$34,459 but rallied going into the weekend, and is trading at $38,861 at the time of writing.
Ether’s price action was slightly better, up 3.80% vs bitcoin’s 0.26% over the last 7 days.

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