Market update
This week, the price action was in the alts. BCH had a strong week off the back of Bitmain’s IPO filing. We saw whipsaw price movements earlier in the week before rallying 18% on Wednesday night and a further 10% on Thursday. It was up 13% for the week overall. XRP held onto its gains after doubling in value last week. It briefly dropped 13% on Monday only to recover most of that the following day. BTC remained stable, trading within a range of only a few hundred dollars. Closing the week flat around the AU$9,250 mark.