Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Bitcoin Analysis
Bitcoin’s Price Reaches All-Time High, Soars Passed 65k
Despite the massive market crash in May, Bitcoin has finally reclaimed its former glory. The cryptocurrency's price shattered its previous all-time high earlier today and is now trading just short of $67k. The crypto community is rallying in response, and they expect far-greater highs before the end of the year. Bitcoin to the Moon According to price data from CoinGecko, Bitcoin's price rested at $64 549.73 at 9:40 am EST this morning. It had spent the night trading within the…
4 years ago
Bitcoin Inflows into Exchange Increase as Bitcoin Became Highly Volatile
Over the past 24 hours, Bitcoin incurred a high volatility such that it led to the sub-$9k area. The leading cryptocurrency incurred notable bullish pressure at this level, thereby returning to its past consolidation range in the mid-$9k area. Interestingly, a huge inflow of BTC into exchanges happened at the same time. This suggests that investors consider this latest dip basically remarkable, and these new inflows could put more pressure on the market. According to an analyst, Bitcoin supply could…
5 years ago