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…
indicators
Bitcoin Price Faces Uphill Task But Indicators Signal More Upsides
Bitcoin price is consolidating gains above the $69,000 support zone. BTC must clear the $71,500 resistance zone to start a steady increase. Bitcoin price is still showing positive signs and facing resistance near $71,500. The price is trading above $69,000 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support at $69,120 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears…
1 year ago
BTC Rally Burns Shorts – Indicators Signal Bottom
Bitcoin recovered slightly over the last 24 hours, hovering above the $42,000 mark. Crypto market cap edged back above $2 trillion on BTC recovery. The largest crypto rose 1.5% in the last 24 hours. Moreover, altcoins posted even more significant gains. The most prominent innovative contract network crypto Ethereum rose by 4% to $3,250. On the other hand, the Binance coin rose by 3% to $465, and Solana rose by almost 5% to $143. Cardano, Avalanche and Polkadot posted even…
3 years ago