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BTC tumbled by 6% weekly, impacted by a broader market correction but buoyed by long-term bullish indicators like the halving event.
Ripple anticipates a key trial with the SEC, potentially influencing its price and the wider crypto market’s dynamics.The cryptocurrency market recently entered into a state of correction, with Bitcoin being one of the severely affected digital assets. Its price is down around 6% on a seven-day scale, currently trading around $65,400 .
Despite the ongoing negative trend, the majority of the crypto community remains bullish that a new bull run is on the horizon. The popular Fear and Greed Index is currently in “Greed” territory and hasThe shift from exchanges to self-custody methods and the upcoming Bitcoin halving alsothat a rally might be just around the corner. The latter is an event that slashes the rewards distributed to miners for validating blocks on the blockchain in half, thus reducing the temp of producing new coins.
Those curious to explore additional elements signaling that BTC’s actual bull run is yet to start, please check our dedicated video below:While the price of the popular meme coin – Shiba Inu – has also plunged considerably in the past week, some metrics related to its ecosystem have taken off.CryptoPotatoIn addition, the leading Indian cryptocurrency exchange, WazirX,
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