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…
DeFi traders
ETH Price Soars to Record Highs Resulting in Crippling Gas Fees
Ethereum has finally given a breakout about its previous lifetime high and seems to have entered price discovery mode. The second-largest cryptocurrency surged past $1,700 in the last few sessions before correcting slightly lower. The bulls are now likely eyeing $1800 as the next target. The massive uptick comes just as the Grayscale Ethereum Trust added 25,000 ETH coins worth a whopping $37.6M to their coffers on Feb 3. Just two days prior, the digital assets manager had announced the…
4 years ago