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…
Price Plunge
BTC looks to Regain $33K Support After Plunge that Sent Many Cryptos’ Prices Down
On Thursday, bitcoin fell below the $33,000 level sending the whole cryptocurrency market into a frenzy. Some coins such as Ether, Cardano, Dogecoin, Polkadot, and Dogecoin followed suit with drops of around 10%. The cryptocurrency has been trading at around half of its April peak, at $65K, for the past two months. However, it is currently starting to regain the $33K level and is trading at around $33,372. What Caused the Price Plunge? The price plunge was noted when reports…
4 years ago