On Friday evening during Asian trading session, the popular cryptocurrency Bitcoin lost more than 10% against the USD in less than 24h and sparked more falls for the coin among the cryptocurrency world.
The past month was bad for the popular cryptocurrency because it lost more than 8% on the opening day of the month. On Friday Bitcoin traded at $3,367.49, falling more than 10% over the last 24 hours, according to Coindesk. Zennon Kapron, director at financial technology consultancy Kapronasia through an email said that the cryptocurrency world "definitely seems to suffer." "The market is in a general bearish trend that doesn't seem to be letting up driven by what seems to be a general negative sentiment towards crypto.”
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Weekly Report - 10/12/2018