The Week in Crypto Your weekly crypto market insights and overview with top news, major trends, notable price actions, and spotlighted coins.
A big reversal for Bitcoin and cryptocurrencies this week lifted the market out of a 3-month slump amid continued mainstream attention and regulatory posturing.
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Bitcoin - Despite months of bearish behavior, BTC busted out on the 4th and leveled off mid-week with new support at around $43k.
Altcoins - Hard to believe that just 2 weeks ago altcoins were bleeding so bad that the top performing alts were mostly stablecoins. This week the top ten altcoins by market cap averaged gains of 18.69% (excluding stablecoins).
Learn the Market Cycles to Understand Trading Psychology
Bitcoin - Despite months of bearish behavior, BTC busted out on the 4th and leveled off mid-week with new support at around $43k.
Altcoins - Hard to believe that just 2 weeks ago altcoins were bleeding so bad that the top performing alts were mostly stablecoins. This week the top ten altcoins by market cap averaged gains of 18.69% (excluding stablecoins).
Learn the Market Cycles to Understand Trading Psychology
The SHIB meme coin has an interesting history, with its founder programming its supply at 1 quadrillion: 50% locked in Uniswap and 50% burned. Shiba Inu was also used in the largest crypto donation in the world to date, helping to stop the spread of Covid in India. So far this February, SHIB is up 25% on DOGE and this week, it officially entered the Metaverse with a digital real estate project.
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Disclaimer: The content of this article is for general market education and commentary and is not intended to serve as financial, investment, or any other type of advice.
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