Pepes Crash and Burn, Bitcoin falls to $ 26,000, cryptoma markets in free fall: the summary of this week

In den letzten sieben Tagen hat der Kryptowährungsmarkt fast 100 Milliarden US-Dollar an Gesamtkapitalisierung verloren, die derzeit bei 1,150 Milliarden US-Dollar liegt. Den Marktteilnehmern hat es keinen großen Spaß gemacht, da die Mehrheit der Münzen deutlich im Minus notiert. Wieder einmal könnte die heißeste Geschichte der Woche genauso gut PEPE sein, aber nicht aus den gleichen Gründen wie letzte Woche. Lass uns eintauchen. Das Wichtigste zuerst: Der Preis von Bitcoin ist in der vergangenen Woche um etwa 9 % eingebrochen und wird derzeit bei etwa 26.500 US-Dollar gehandelt. Das muss nicht beschönigt werden – es war nur im Minus und …
In the last seven days, the cryptocurrency market has lost almost $ 100 billion in total capitalization, which is currently $ 1.150 billion. The market participants did not have a lot of fun because the majority of the coins clearly listed in the minus. Once again the hottest story of the week could be just as good, but not for the same reasons as last week. Let's immerse yourself. The most important thing first: The price of Bitcoin broke up by about 9 % last week and is currently traded at around $ 26,500. This does not have to be glossed over - it was only in the minus and ...
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In the past seven days, the cryptocurrency market has lost almost $ 100 billion in total capitalization, which is currently $ 1.150 billion. The market participants did not have a lot of fun because the majority of the coins clearly listed in the minus. Once again the hottest story of the week could be just as good, but not for the same reasons as last week. Let's immerse yourself.

The most important thing first: Bitcoin's price broke up by about 9 % last week and is currently traded at around $ 26,500. This does not have to be glossed over - it was only in the minus and the buyers did not manage to take a break. The bears were relentless and leaned last week at this time with a single attempt of $ 30,000, and then there was an avalanche.

The price fell less than $ 29,000 last Saturday and could not recover over this level. On Monday evening, the course was already traded at just under $ 27,000. The CPI announcement on Wednesday caused a little hope, since BTC rose over $ 28,000, but this was only short-lived because the correction was almost directly. Since then, the downward spiral of the cryptocurrency has increased and is currently being traded at around $ 26,500.

With a view to the old coins, it doesn't get much better because most of them are clearly noting in the minus. ETH, BNB, XRP, Ada, Doge, Sol, Matic, Dot - they all record considerable losses.

But all of this fades compared to Pepe. The Memecoin, which has dominated the market in the past few weeks, finally seems to have found a kind of high and has fallen 60 % weekly and has fallen by more than 70 % since its high.

And although it is interesting to see whether Pepe will initiate a recovery, the chances are currently not very good.

All in all, the market mood has changed significantly in the past few weeks and optimism has a decrease. It is interesting to see whether it is just a temporary correction or whether a deeper winter is again on, albeit in summer. Sell ​​in May and go away? Will the popular saying remain true?

Market data

Market capitalization: $ 1,150 billion | 24-hour volume: $ 49 billion | BTC dominance: 44.5 %

BTC: 26.455 $ (-9.1 %) | ETH: $ 1,771 (-7.7 %) | BNB: $ 306 (-5.6 %)

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The crypto headlines this week that you are not allowed to miss

The founder of Terraform Labs, do Kwon, is released for a deposit of $ 440,000 (report). do Kwon - the founder of Terraform Labs - has not guilty the allegations of being traveled to Montenegro with a fake passport. It could be released for a deposit of $ 400,000.

Twitter boss Elon Musk hands the position to the new CEO and takes on the role of the CTO. The owner of Twitter - Elon Musk - will withdraw as CEO of the company. Instead, he will take on the role of a CTO, while Linda Yaccarino from NBC Universal should be a potential CEO candidate.

Ethereum crashes into 6-week lowestations, although ETH is declining on the stock exchanges. ETH crashed to a six-week low, although the Ethereum stored on the stock exchanges continues to decrease. In fact, the ETH value on the stock exchanges has dropped to only 10.3 %.

USDC emitters group compensates for treasury stocks in the middle of the US debt culinary border crisis. The issuer of the overall market capitalization of the second largest stable coin-USDC-will recalculate its government bond stocks in the middle of the US debt ceiling. Circle is preparing to avoid possible errors.

New York wants to use stablecoins as a means of payment for guarantees. The draft law No. 7024 of the meeting aims to lend stable coins the status of an official means of payment for deposits in the state of New York. If this becomes a reality, this would be considerable progress.

institutions intend to buy Bitcoin at the end of 2023: interview with cryptoquant. During an interview for Cryptopotato at Consensus this year, Cryptoquant analysts announced that institutions apparently intend to buy BTC at the end of 2023. This would also match other forecasts that the bull market could begin later or next year.

diagrams

This week we have a chart analysis from Ethereum, Ripplecardano, Pepe and Doge - click here for the full price analysis.

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Krypto News Österreich
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In den letzten sieben Tagen hat der Kryptowährungsmarkt fast 100 Milliarden US-Dollar an Gesamtkapitalisierung verloren, die derzeit bei 1,150 Milliarden US-Dollar liegt. Den Marktteilnehmern hat es keinen großen Spaß gemacht, da die Mehrheit der Münzen deutlich im Minus notiert. Wieder einmal könnte die heißeste Geschichte der Woche genauso gut PEPE sein, aber nicht aus den gleichen Gründen wie letzte Woche. Lass uns eintauchen. Das Wichtigste zuerst: Der Preis von Bitcoin ist in der vergangenen Woche um etwa 9 % eingebrochen und wird derzeit bei etwa 26.500 US-Dollar gehandelt. Das muss nicht beschönigt werden – es war nur im Minus und …
In the last seven days, the cryptocurrency market has lost almost $ 100 billion in total capitalization, which is currently $ 1.150 billion. The market participants did not have a lot of fun because the majority of the coins clearly listed in the minus. Once again the hottest story of the week could be just as good, but not for the same reasons as last week. Let's immerse yourself. The most important thing first: The price of Bitcoin broke up by about 9 % last week and is currently traded at around $ 26,500. This does not have to be glossed over - it was only in the minus and ...

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