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…
Bitcoin Collapse
Bitcoin Could Collapse Sooner or Later, Warns Swedish Central Bank Governor
Swedish Central Bank governor, Stefan Ingves, believes that bitcoin is similar to trading stamps, and it will soon collapse without the government's backing. He made the remarks during his speech at a banking conference held in Stockholm earlier today. Although he admitted that one can get rich by trading the flagship crypto, he said 'it's comparable to trading in stamps.' Ingves on Bitcoin's Alleged 'Imminent' Fall As per Bloomberg, the Riksbank governor challenged the possibility of currencies retaining their power…
2 years ago 
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