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…
Respected Crypto Analyst
This Respected Crypto Analyst is Betting on an Imminent Bitcoin Breakout
Over the past weekend, bitcoin formed a decent support base at $32K and gained momentum above the $33.5K resistance zone. The price even broke above $34,000 to move into a positive zone, giving traders hope that a breakout was imminent. The BTCUSD pair formed a high near $34,600, but the bulls failed to gain more traction above this level. The largest cryptocurrency by market cap has now reversed much of the weekend gains after closing below a key moving average.…
4 years ago