While bitcoin stalls below $50,000, ADA keeps climbing higher. ADA marked yet another all-time high by breaching $2 for the first time.
Shiba Inu (SHIB) Mania, Dogecoin, Tesla’s Bitcoin Halt and Crypto Market Volatility: The Weekly Recap
This week was particularly tumultuous. From Dogecoin clones such as Shiba Inu (SHIB) to Elon Musk's Tesla halting Bitcoin payments and extreme market volatility, there was a little bit of everything.
While bitcoin and ether fail to reclaim $50K and $4K, respectively, ADA and DOGE have recovered the losses from the market-wide crash.
$500B were evaporated from the crypto market cap as bitcoin slid $12,000 in a day. ETH, BNB, and other altcoins saw substantial double-digit losses too.
The entire crypto market has bounced off after yesterday's losses, and the market cap went for another record at $2.550T.
Following a few days of upside trading, most of the crypto market has plummeted in value in the past 24 hours. Bitcoin dumped by $6k, while ETH slumped below $4k.
The crypto market cap registers a new record above $2.5 trillion as numerous altcoins record fresh all-time highs. Those include ETH, BNB, LINK, ADA, and LTC.
Ethereum came 0.5% away from tapping $4,000 as bitcoin jumped to its highest level in three weeks at just shy of $60,000.
Bitcoin's weekend starts with a $3,000 pump to above $58,000. Dogecoin went for another record and is close to surpassing BNB's market cap.
Over the past seven days, we saw large-cap cryptocurrencies paint double-digit gains, pushing the total market cap up by $300 billion. This has also reduced Bitcoin's dominance to about 44%.