Market update

Bitcoin is down 7.4% over the past week (and 20% over the past month) to $13,665. As of Friday, 58% of traders on CME’s futures market were betting the Bitcoin price will go down further. Interestingly, the whales are on the move today with 318,649 Bitcoin worth $4.3 billion, moved between wallets. What are they up to? The only bright spot in the top ten this week was EOS which gained 2.9%. Everything else was down. Ethereum (-2.2%), XRP (-3%), Litecoin (-3.8%), Bitcoin Cash (-0.5%). Stellar lost 5.5%.