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…
Pressure to Sell Retracts
Bitcoin Could Realize a Bullish Run as Pressure to Sell Retracts
According to several on-chain features, the possibility of Bitcoin heading towards a significant price boost is still in the game. Miners have ceased disposing of their coins, including long-term hodlers. The Stablecoin Supply Ratio has also dropped substantially recently. Apart from being the root of the Bitcoin network, miners also have a notable role in the underlying asset price. For example, they can negatively impact BTC's price when they finally sell off massive portions. This was the case at the…
4 years ago