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…
Market Downturns Tend
5 Reasons Why Hodlers Should Not Be Worried When the Market Bleeds Out
The crypto market is currently in one of its biggest meltdowns in history. Bitcoin lost more than half of its value after hitting an all-time high of around $63,000 in May 2021. Its price slump has further been compounded by China's continued FUD leading to market uncertainty and scaring away investors. The ripple effect of the Bitcoin price plunge has been felt across the cryptocurrency market. Major altcoins including Ethereum, BNB, DOGE, ADA all lost between 7 to 22% of…
4 years ago