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 $1,48 trillion. Bitcoin increased by nearly 5% to reach around $40,000. Ethereum is up by almost 4% to cement its price above $2,100. XRP lost almost 1% in value this week. Almost all altcoins are trading in the green, with some exceptions. The DeFi sector increased the total value of protocols (TVL) to around…
Bearish Bias
Bearish Bias Returns As the Crypto Market Cap Sheds $300 Billion
The recent trend of big-money traders and institutions investing billions in cryptocurrencies has led to a sudden spike in their values. However, the mounting interest in crypto has sparked a major correction to take the steam off the hot market, with investors currently scrambling to close or top up their positions. According to David Lifchitz, CIO for trading firm ExoAlpha, the entire crypto space was likely to face intense turmoil due to the overheated market conditions. That retracement came on…
3 years ago 
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