ADA jumps by 14 %weekly, BTC fetches $ 28,000 after increased volatility: market observation

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Von Krypto News Österreich

Bitcoin ended the week with a slip under $ 28,000, but the bulls have accelerated since then and driven the asset back to the north.

Several old coins have decreased sharply today, including yesterday's top performers, Shiba Inu and Dogecoin. Hbar and Sol are also in the minus.

BTC again over $ 28,000

Bitcoin was confronted with massive volatility throughout the last week. It all started on Monday when the cryptocurrency fell by $ 1,500 after the US CFTC Binance and Changpeng Zhao sued. The bulls caught the movement and urged the asset to the north.

This culminated in a price increase on Thursday to over $ 29,000, but that was only short -lived. A day later, BTC was below $ 27,600.

When the weekend got closer, the cryptocurrency jumped over $ 28,000 and even approached $ 29,000, but could not break it. Saturday was pretty quiet, while Sunday brought some pain when BTC slipped back to $ 27,600.

However, the assets have almost a giant uphill in the past few hours. As such, $ 28,000 were reclaimed, while several crypto analysts pointed out further potential upward scenarios for the next few months.

Its market capitalization remains only centimeter of $ 550 billion, and its dominance is in the same place with 46.4 %.

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Cardano increases by 14 %

every week

Most old coins are the Performers of BTC in the last 24 hours. However, some are deep in the red numbers on the day scale. The two largest memoins, which were also the two best performers yesterday, have now fallen by 5.5 % (Dogecoin) and 3.5 % (Shiba INU). Solana's daily decline is similar, while Hbar fell 6.3 %.

Ethereum, BNB, Matic, Dot, LTC, TRX and AVAX also write red numbers, albeit to a more modest extent.

Cardano is one of the few exceptions with day -winning. ADA has increased by 3.5 % in the last 24 hours and increased by more than 14 % in the weekly comparison. Therefore, the asset is traded at $ 0.4.

The entire crypto market capitalization has remained rather stagnating and is almost $ 1.2 trillion at CMC.

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