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…
Crypto Market Crash
Ethereum Founder Suggests the Crypto Market Crash was No Shocker
The crypto has shaken investors around the world crashes in recent days. However, not Vitalik Buterin — although many of his fortunes have been wiped from the meltdown. Actually, in an exclusive CNN Business interview Tuesday morning, the 27-year-old co-creator of ethereum said he believed cryptocurrencies were in a bubble. He emphasized, however, that "the popping of bubbles is notoriously difficult to predict." Ethereum Went Down Just Like the Others Ethereum plunged below $1900 – an astonishing decrease from Tuesday…
3 years ago 895 views
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 761 views