Cryptocurrencies: Bitcoin Down 5% This Week

This weekly update tracks some of the largest cryptocurrencies by market share: Bitcoin and Ether. While both are considered high-risk assets, they possess foundational differences that investors should understand. We have also included XRP, as it was one of the largest cryptocurrencies when this series began. By definition, a cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, control the creation of additional units, and verify the transfer of assets.

Key Takeaways

  • Bitcoin was down 5% this week as of November 10.
  • Ether was down 10% this week, while XRP was down 17%.
  • Bitcoin is down approximately 16% year-to-date, while Ether has fallen roughly 31% year-to-date.