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…
S2F Ration
Bitcoin Continues to Get Closer To Being a Safe Haven Asset
Many people consider Bitcoin a store of value and they look for opportunities to buy when its price declines. This is one of the reasons it is called digital gold. Bitcoin is likewise hard money with a limited supply and despite being digital, it does not encounter the challenges faced by gold. The cryptocurrency is becoming scarcer every day even as its inflation has declined after the completion of its block reward halving. Additionally, hodlers’ attitude shows that they have…
5 years ago