Bitcoin rises at $ 30,000 and leaves the most old coins in dust: the crypto summary of this week
Bitcoin rises at $ 30,000 and leaves the most old coins in dust: the crypto summary of this week
What a week! One can certainly say that it must have been hard to be a bear in the past seven days. The cryptocurrency market exploded over $ 1.2 trillion due to the major profits of most coins, including Bitcoin. There is a lot to be unpacked, so let's dive.
The most important thing first: The price of Bitcoin has risen by a whopping 18 % in the past seven days and was over $ 30,000 at the time this article was written. The week started positively because the price slowly climbed last weekend. But it wasn't until June 20 - on Tuesday - the bulls really took over the upper hand. The price exploded over $ 28,000, and when everyone knew what was going on, he also shot over $ 29,000.
After a few hours of rest, the price on Wednesday-the following day-rose to over $ 30,000 and even reached the $ 31,000 mark. However, the bulls needed some calm and BTC currently consolidated by around $ 30,000.
But that's not even the craziest part.
PEPE - Mememe Coin that has made the round in the past few months - has risen by a whopping 66 % in the past seven days and is still amazed. Measured by the overall market capitalization, it has become the 69th (yes) greatest cryptocurrency, and now it may be more sure to assume that it will stay here.
The rest of the Altcoin market also develops very well. Ethereum has risen by 13 %, ADA has risen by 12 %, Sol - 12 % and so on. As expected, some of them are lagging behind. XRP has only increased by about 5 %, while BNB has increased by about 3 %. Both cryptocurrencies were unable to benefit from the rally, but this is most likely because both Binance and Ripple are fighting with massive complaints against the US stock exchange supervisory authority Securities and Exchange Commission.
The growth on the wider market is apparently related to the submission of spot-bitcoin ETFs by Blackrock, which also led to a flood of further submissions, since the companies seem to be encouraged by the prospect of admission. After all, Blackrock has a consent rate of 575 to 1.
Is a spot bitcoin ETF finally approved by the SEC? In view of the Commission's hostile attitude towards the industry, it is difficult to assess the possibilities mentioned above. We will see.
Market data
Market capitalization: $ 1,210 billion | 24-hour volume: $ 38 billion | BTC dominance: 48.2 %
BTC: 30.139 $ (+18.1 %) | ETH: $ 1,875 (+12.5 %) | BNB: $ 242 (+3.1 %)
The crypto headlines this week that you are not allowed to miss
binance.us rejects claims by the SEC about the abuse of user funds. Binance submitted an application at the beginning of this week and the US stock exchange supervisory authority Securities and Exchange Commission is charged with their alleged “mixing” of assets from its customers.
after $ 30,000: 7 things so that the Bitcoin price reaches $ 40,000 according to Chatgpt. After BTC reached $ 30,000 at the beginning of this week, we decided to ask Chatgpt what has to happen so that the cryptocurrency reaches $ 40,000. The answer could surprise you.
Bitcoin will be the best trade in the decade, says Gemini's co -founder. Cameron Winklevoss is not afraid of brave predictions, and this last forecast is not a surprise either. In view of the latest flood of spot-bitcoin ETF submissions, he believes that Bitcoin will be the best trade of this decade.
The Bitcoin Prize has reached the $ 138,000 mark at Binance Us: here is the reason. The Bitcoin Prize rose to Binance Us to a maximum of over $ 138,000. The reason for this was the low liquidity and the dwindling depth of the market as a result of the latest regulatory turbulence that misleaded the stock exchange and withdrawn many investors and banking providers.
3AC founder start brand new VC funds in connection with opnx. The founders of the failed crypto-VC Three Arrows Capital-Su Zhu and Kyle Davies-are back. This time you founded a new risk capital company called 3ac ventures.
Pepe explodes by 40 %in the middle of a general revival of the cryptom market. Pepe is the best performer among the top 100 cryptocurrencies after market capitalization this week. As a result of the general market recovery and the impressive performance, he rose by a whopping 70 %in the past seven days.
diagrams
This week we have a chart analysis from Ethereum, Ripplecardano, Dogecoin and Shiba Inu - click here for full price analysis.
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