The Cryptocurrency Market Recovers $133B In A Week, Restoring 16% Of Its Capitalization.
The cryptocurrency market is currently in the green, having recovered more than $130 billion in the previous week.
Surprisingly, the rise in crypto market capitalization comes at a time when there are fears that the industry is in the grip of a cryptocurrency winter.
Despite this, the global cryptocurrency market valuation surged by more than 3.3%Â in the last day.
Furthermore, according to CoinMarketCap data, it increased from $832 billion on June 18 to $965 billion on June 25, reflecting a $133 billion increase and a 15.99% total surge.
In terms of inflows, the flagship cryptocurrency’s value leads the entire crypto market. Bitcoin (BTC), the digital asset with the biggest market capitalization, is currently trading at $21,392, up 2.29%Â in the past 24 hours and 10.27% in the previous seven days.
Notably, Bitcoin’s market valuation has risen from $338 billion to $408 billion in the recent week. Despite the resilience demonstrated this week in maintaining a position above such a key barrier above $20,000, the cryptocurrency may face another testing period this weekend.
Below, the support is still showing indications of distress, and a break there might put investors’ faith in the sector to the test.
Despite the continuous volatility in the cryptocurrency market, experts were keeping a careful eye on key market indicators for signs that prices had bottomed out.
In other news, Ethereum, the second-largest asset by market value, has risen back beyond the critical $1,200 threshold, trading at $1,223, up 6.05% on the day and 21.36% in the previous week, with a total market capitalization of $148 billion.
At the time of writing, leading cryptocurrencies like as Cardano (ADA), Solana (SOL), and Shiba Inu (SHIB) were all trading in the green.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Patrick
CoinCu News
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The Cryptocurrency Market Recovers $133B In A Week, Restoring 16% Of Its Capitalization.
The cryptocurrency market is currently in the green, having recovered more than $130 billion in the previous week.
Surprisingly, the rise in crypto market capitalization comes at a time when there are fears that the industry is in the grip of a cryptocurrency winter.
Despite this, the global cryptocurrency market valuation surged by more than 3.3%Â in the last day.
Furthermore, according to CoinMarketCap data, it increased from $832 billion on June 18 to $965 billion on June 25, reflecting a $133 billion increase and a 15.99% total surge.
In terms of inflows, the flagship cryptocurrency’s value leads the entire crypto market. Bitcoin (BTC), the digital asset with the biggest market capitalization, is currently trading at $21,392, up 2.29%Â in the past 24 hours and 10.27% in the previous seven days.
Notably, Bitcoin’s market valuation has risen from $338 billion to $408 billion in the recent week. Despite the resilience demonstrated this week in maintaining a position above such a key barrier above $20,000, the cryptocurrency may face another testing period this weekend.
Below, the support is still showing indications of distress, and a break there might put investors’ faith in the sector to the test.
Despite the continuous volatility in the cryptocurrency market, experts were keeping a careful eye on key market indicators for signs that prices had bottomed out.
In other news, Ethereum, the second-largest asset by market value, has risen back beyond the critical $1,200 threshold, trading at $1,223, up 6.05% on the day and 21.36% in the previous week, with a total market capitalization of $148 billion.
At the time of writing, leading cryptocurrencies like as Cardano (ADA), Solana (SOL), and Shiba Inu (SHIB) were all trading in the green.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Patrick
CoinCu News
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