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…
Crypto Market
WMA: BTC Hits $46,000, and the $600 Million PolyNetwork Hack Shakes the Market
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,950 trillion. Bitcoin is up by roughly 5% after another successful weekly run. Ethereum has increased by over 4% over the past seven days. XRP records a spectacular 60% value boost over the week. Dogecoin, Polkadot, and Cardano end the week with significant value boosts. The DeFi sector added almost $1 billion to the…
4 years ago
End of Year Price Projections of Major Coins in the Crypto Market
Despite the wild swings across multiple assets, the broader crypto market has soared to hit a combined market cap of $2 trillion in 2021. Bitcoin, the leader of the crypto pack, has fluctuated between $30K and $64.5K this year in one of the most volatile phases in the coin's history. The flagship crypto is currently hovering around the $40K zone, with crypto experts and market analysts divided over the coin's price action in the coming months. Meanwhile, Ethereum (ETH) is…
4 years ago
WMA: Bitcoin Climbs Above $45,000 & New Ethereum Update Goes Live
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,827 trillion. Bitcoin is up by roughly 7% after a successful weekly run. Ethereum has increased by over 20% over the past seven days. XRP records a 6% value boost over the week. Dogecoin, Polkadot, and Cardano end the week with significant value boosts. The DeFi sector added almost $8 billion to the total…
4 years ago
ETH on a Bullish Pattern, Awaits the Release of The London Hard Fork
Ethereum and other tokens based on the Ethereum network have recently been on a steady increase in prices, especially while awaiting the London fork(EIP-1559) set to happen on 5th August. The London fork is defined as Ethereum's supply rally, taking on the principles of Bitcoin's quadrennial halving event. The Ethereum network, its sub tokens have been on a bull run for a few days, ushering in the event. Ethereum on A Bullish Pattern Ethereum has been in a bull run…
4 years ago
The Crypto Market Treads a Decline as Bitcoin Trades Below the $40,000 Mark
The global cryptocurrency market cap faces a decline, with today’s market cap at $1.54 Trillion, a 3.30% decrease from yesterday, Tuesday. However, despite the decline, investor confidence is still strong overall in the market. Some of the cryptocurrencies contributing to this decline are Bitcoin and other correlated altcoins. Ethereum, on the other hand, is in the lead with a gain of about 14.19% over the last week. Bitcoin is currently trading at around $38,973.58, while Ethereum is at $2,617.22. Bitcoin…
4 years ago
WMA: The Bulls Are Back as Bitcoin Tops $40,000 and Altcoins Record Massive Gains
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,655 trillion. Bitcoin is up by roughly 21% after an enthusiastic week. Ethereum has increased by over 19% over the past seven days. XRP records a 25% value boost over the week. Dogecoin, Polkadot, and Cardano end the week with significant value boosts. The DeFi sector added almost $10 billion to the total value…
4 years ago
Understanding Bitcoin Futures and How They Affect BTC Prices
It has been an eventful few months within the crypto market. Most cryptocurrencies, Bitcoin (BTC) included, have surged to new highs before crashing back down. Unfortunately, this volatility is not unusual for the sector and lies an excellent opportunity. While some crypto enthusiasts sweat over Bitcoin's unpredictability, others see possibilities to make a killing. And they're doing that through Bitcoin futures, a speculative BTC trading strategy that utilizes the volatility of the crypto. So what are Bitcoin futures? How do…
4 years ago
A Deep Dive into the World of Crypto-Collateralized Stablecoins
Stablecoins are a new breed of cryptocurrencies backed by stable underlying assets such as fiat currency real-world assets or on-chain tokens. The approach allows stablecoins to combine the advantages of bitcoin, such as low fees, instant transactions, and complete anonymity, with price stability. The global market cap of stablecoins recently surpassed a $100 billion market cap, representing approximately 5% of the overall crypto market capitalization of nearly $2 trillion. Furthermore, as per the latest report from Analytics Insights, the market-leading…
4 years ago
WMA: Bitcoin Recovers from Just Under $30k after Elon Musk’s U-Turn
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,377 trillion. Bitcoin is up by roughly 7% after a turbulent week. Ethereum has increased by over 8% over the past seven days. XRP records a 1% value boost over the week. Dogecoin, Polkadot, and Cardano end the week with minor value increases. The DeFi sector added almost $7 billion to the total value…
4 years ago