The Global crypto market was capped at $2.25T and showed an increase of 5.15% in the last day. In the previous 24 hours, the market volume was $114.69B, dropping by 25.42%.
In the outlook, we will enfold the week’s crypto price movement summary and some of the notable events that led to the price fluctuation.
Bitcoin: BTC is now trading at $48,197.74. The price increased by 2.39% during the previous 24 hours and decreased by 0.64% in the last seven days.
The Whale entity is in the limelight due to its wallet’s active participation in the BTC transactions. The entity added 257BTC at $48.1k for a total of $12.3M and purchased another 2,702BTC after a week.
BitInfocharts, a free and a rich source of cryptocurrency statistics, shared data that stated that the whale added 11,947 BTC more in the last month, which brings the total calculated value to $573m. This figure shows it holding 119,749.57 BTC coming closer to MicroStrategy’s public BTC holdings.
Ethereum: ETH is trading at $4,052.80; this week’s price decreased by 3.69% and is up by 8.65% in the last 24 hours.
The second most traded cryptocurrency, ETH, is being burned every hour, and the value is estimated to be around $800,000. According to the data, the process started right after London hard fork went live on 5th Aug.
Watch the Burn is a website that tracks how much ETH is burned in real-time. The website recently reported that around 202 ETH valued at about $818,880 is being burned every hour, meaning ETH worth nearly $31 million is burned every day.
Ripple: XRP is currently trading at $0.8201 and formed a high at $0.8401. The price gained 3.90% in the previous 24 hours and declined by 8.73% in the last seven days.
According to a famous crypto tracker, close to 90 million XRP were moved by Binance, HitBTC, and Bithumb over the past 20 hours. 90 million is valued at around $73,395,729. HitBTC transferred 21,672,003 XRP to Binance, while Binance made three transfers of 20m, 12m, and 15.6m XRP to Gopax exchange. Later 20 million XRP were transferred by Bithumb.
Litecoin: LTC is one of the coins with a massive downfall and is currently trading at $153.51. The LTC price has been down by 1.95% in the last seven days and is up by 6.31% over the past 24 hours.
LTC is one of those coins that have been trading on the low side for a long time now. LTC had a channel breakdown on 3rd Dec after forming a bearish flag. The price started its bearish move further and went below $167.
