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 Loses Key Support
Bitcoin Loses Key Support, While Altcoins Suffer at the Hands of Bears
The BTC price fell below the $31K support level on Monday, a day after the largest Grayscale unlocking event this month. Lackluster trading saw bitcoin register its lowest weekly close since Dec of 2020, as continued downward pressure led to the BTCUSD pair shedding over 3% of last week's gains. The top cryptocurrency parried almost $2,800 of the gains accumulated last Friday, which saw BTC momentarily trade above $34K. Spot prices on the Bitstamp exchange plummeted to $30,630 at the…
4 years ago