Crypto Blog
As it happened during the past few weekends, bitcoin’s price actions have calmed, and the asset sits at just under $68,000.Bitcoin had a strong start to the current week as it exploded from under $69,000 to over $70,500 in hours on Monday. As the bulls were preparing for another run, perhaps even challenging the all-time high of $73,800, the asset’s trajectory reversed, and it started losing value rapidly.
The landscape is quite painful for some larger-cap alts like Uniswap, which has slumped by more than 12% within this timeframe. Dogecoin is down by 7% and has slipped below $0.16. More losses come from the likes of BCH, NEAR, ARB, IMX, and XRO. In contrast, ETH is with minor weekly gains, mimicked by TON and SHIB. LINK and WIF have jumped the most in the past seven days.The total crypto market cap has shed about $40 billion since last Sunday and is at $2.660 trillion on CG now.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions.
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