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…
BTC Bulls
BTC Transfers Reach Two-year High as Solana Rallies
The Solana (SOL) price has rocketed nearly 220% over the past month. Most of it is due to investors flocking into the project, expecting considerable gains in the near term. Net investment inflows into Solana rose to $7M over the past week. The project's impressive gains come from the growing excitement around DeFi initiatives. In August alone, Solana's DeFi projects tripled in value. The value crossed the $3B mark for the first time in history. Meanwhile, the booming popularity of…
4 years ago
Bitcoin Retracts from the $50K Level while ETH Aims for $4K
As bitcoin tries to reclaim the $50,000 mark, ETH struggles going past the $4,000 level. On the other hand, Cardano has hit consecutive all-time highs granting it more mentions on Twitter than the leading crypto by market cap. Bitcoin Looks Towards the $50K Mark Bitcoin price attempted to go above the $49,000 resistance zone. However, it failed to gain strength above the $49,200 level. The coin formed a high close to $49,335 level before starting a fresh decline yesterday. Bitcoin…
4 years ago