The week appeared to be quite unexpected for the Bitcoin community, namely because of the cancellation of the SegWit fork. Despite the controversial attitude toward it within the community and the obvious lack of support, no one could anticipate that it would be cancelled at the last moment.
The rally of the BTC price had some negative influence on other cryptocurrencies. Now, as Bitcoin will probably become steady, without surges of falls, other coins will have a chance to improve their positions.
Bitcoin reached its all-time high of $7,617 on Sunday, November 5, due to the influence of CME Group’s announcement. It proved to be a quite lasting benefit to the market. However, by the end of the day, the price had decreased to $7,175.