The crypto market continues with its price swings, registering a dump in the last 24 hours after a small bullish trend in the last 7 days, following the week’s news.
Here’s how Coinbase’s letter to shareholders, sanctions to Tornado Cash and more have affected the cryptocurrency market.
Crypto market in the red in the last 24 hours, but bullish in the last 7 days
Crypto price swings are now a certainty. Taking Bitcoin (BTC) as a reference, its price at the time of writing is $24,000 and has recorded a last 24-hour dump of 2.4% and a 3% pump over the last 7 days.
It is also followed by Ethereum (ETH) with its current price of $1,895, which is down 1% in the last 24 hours but up 14% in the last week.
The same thing, albeit with different percentages, occurred for Binance Coin (BNB), Ripple (XRP), Cardano (ADA) and others.
A trend that has been somewhat influenced by this week’s news regarding the overall crypto market.
Crypto market: prices and news of the week, the case of Coinbase
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https://en.cryptonomist.ch/2022/08/12/crypto-market-red-reasons/
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