Bitcoin down, El Salvador bitcoin city, ConstitutionDAO

Most of the top cryptocurrencies by market value suffered losses this past week.

Bitcoin is down nearly 14.6% in the last seven days, according to CoinGecko. After hitting an all-time high of $69,044 on Nov. 10, bitcoin fell below $60,000 on Tuesday. It’s currently trading at around $56,201.

Ether is down nearly 12.4% in the last seven days and is currently trading at around $4,085.

In addition, here are six important things that happened in the crypto space this past week.

1. U.S. to sell cryptocurrency worth $56 million after seizure in BitConnect case

2. buys naming rights to Staples Center in a $700 million deal

3. Lawmakers introduce a bipartisan bill to address crypto tax reporting requirement

4. Hillary Clinton says cryptocurrency has the ‘potential … for destabilizing nations’

5. Citadel CEO Ken Griffin outbids ConstitutionDAO

6. El Salvador plans to create a ‘Bitcoin City’ and raise $1 billion via a ‘Bitcoin Bond’

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