Bitcoin formally closed last week lower, ending it near $21,100. At the time of writing, the upside momentum has built up, taking the price to 21,800, the upper end of last month's consolidation range.
Ethereum jumped 14.1% last week and is adding another 6.7% since the start of the day on Monday, rising to $1430. Finding itself one step ahead of BTC this time, ETH broke the upper bound of last month's trading range on Friday. The second cryptocurrency's steady rise underscores the heightened demand for risk among crypto enthusiasts.
Leading altcoins have gained in the last 24 hours, ranging from 1.8% (Dogecoin) to 16% (Polygon).
The total capitalisation of the crypto market, according to CoinMarketCap, rose 9.5% over the week to $998bn. Bitcoin's dominance index fell by 1.1 percentage points to 41.7% over the same period.
The Crypto Fear-and-Greed Index was unchanged for the week, returning after falling to 24 points (extreme fear). By Monday, the index was down to 20, but recent...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...