Since last week, the crypto market has seen some bullish sentiments. In the outlook, we will cover the week’s price movement summary and some of the important events that led to the price fluctuation of some good crypto coins.
Bitcoin: BTC is currently trading at $53,983.29. The price reached a monthly high of approx. $56,000, and the price has since been on a short term bearish trend. Bitcoin gained by 25.69%% in the last seven days. However, the price increased by 25.69%% over the last 24 hours.
El Salvador’s President, Nayib Bukele, has indicated the actual broad enactment of the major cryptocurrency Bitcoin is still expanding in the country as more money is being spent on buying the coin.
Billionaire Mark Cuban Speaks Consumers Prefer Paying in Dogecoin Rather Than Bitcoin as Bitcoin is a store of value and people will prefer to be paid in. dogecoin.
Ethereum: Ether, as usual, followed Bitcoin’s trend this week and increased by 19.64% in the last week and is currently trading at $3,551.86. However, Ethereum’s price was up by 4.87% in the last 24 hours.
According to many investors, the prices of ETH can outperform Bitcoin due to such a wide adaption and usage. One of them is the primary usage of ETH in the NFT market. Ethereum (ETH) miners have seen their holdings go through the roof to the tune of $1.85 billion.
Ripple: XRP is currently trading at $1.08, the price declined by 15.04% in the last seven days, and it gained 3.41% in the last 24 hours.
MoneyGram International, Inc., one of the world’s most extensive money global transfer services, lately declared moving into a business with Stellar Development Foundation, a non-profit organization that supports the development of the Stellar (XLM) blockchain.
Litecoin: The current value of LTC is $181.99, and it’s up by 9.49% in the last 24 hours and down by 15.45% over the past seven days. Litecoin reached an all-time high in June 2021 of $197.8. However, it has failed to break the high, much like all other crypto coins this year.
American bank, the fifth-largest, has turned out to charge for Bitcoin, Litecoin, and Bitcoin cash in partnership with NYDIG.
