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…
Hash Ribbons
Indicator That Signaled Bitcoin’s Decline to $3k in 2018 is Now Suggesting a Fall
Last week, the performance of Bitcoin was close to its psychological level at $10K. However, a rumor regarding Satoshi Nakamoto selling off his Bitcoins emerged thereby bringing about its collapse to $8.7k price level. Some market participants consider this move to be a healthy correction, while a key indicator known as the Hash Ribbons Crossover has suggested more declines for the leading cryptocurrency ahead. Miners’ earnings per block have reduced by 50 percent since the successful block reward halving event…
5 years ago