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 Crash
Bitcoin Drops To $38,000 – More Pain Ahead?
Crypto markets collapsed after a global sell-off in risk assets and as Russia's proposed a ban on all cryptos. Bitcoin fell 9% to $38,500, breaking key support at $40,000, as global markets saw a 1% decline. Other major cryptos fell as well. Ethereum dropped by almost 12% to $2,793. Binance's native coin BNB dropped 10%. Smart contract blockchain Cardano lost 13%, dropping to $1.19, while Solana dropped by 15%, to $117. Almost all the major cryptos were in the red,…
3 years ago
Bitcoin Crumbles Under $4K Building Uncertainty in the Crypto Space
On March 12, 2020, many crypto exchanges saw the BTC crash to a daily low at around $3,800, after which it rapidly recovered to above the $4K level. On Coinbase exchange, the highest-ranked crypto worldwide dropped to a daily low at $3,858, while on Bitfinex, it stood at $4,001. The last time BTC prices plummeted to below $4K was in mid-2019, so this time the cryptocurrency fell to its lowest level in over a year. The Crypto Space’s Unknown Fate …
5 years ago