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 Rally
BTC Prepares for A Fresh Rally in Coming Times
The past few weeks have seen the BTC price dip below the $9,000 support against the USD. Despite attempts being made to bounce it back, it still ended up settling down below the 100 hourly simple moving average (SMA). BTC Upward Correction Prices recently dropped to a low of around $8,403, before making an upwards correction. Bitcoin is currently trading slightly above the $8,450 and $8,500 levels. A keynote was the recent break above a key bearish line, coupled with…
5 years ago