It has been an uneventful week in cryptoland. Bitcoin spent most of the week tucked in a small range between $235 and $247 dollars per coin. Namecoin bounced off the support near $0.30 while Peercoin failed to rally above 25 cents.

Peercoin Bounces at 25 Cents

Alternative cryptocurrency Peercoin had an independent rally on May 12th that briefly took it above $0.25. But the altcoin failed to establish a base above the figure and after fighting with the level for one full day, it surrendered most of the gains. We are currently quoted at $0.239 per coin.

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