Massive BTC Price Rollercoaster and Australia's First Bitcoin ETF: This Week's Crypto Recap

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Australia is moving to be the next country to launch a Bitcoin ETF. However, this failed to catalyze any sustainable market gains.

This week saw the cryptocurrency market go through some serious turbulence, as the prices for the largest coins by means of total capitalization went on a rollercoaster. The tumultuous market dynamics ultimately resulted in a slight gain of about $15 billion added to the cap.

At the time of this writing, bitcoin is exchanging hands at more or less the same price it was last week – $40,000.

 

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