{"id":20939,"date":"2022-06-25T11:29:51","date_gmt":"2022-06-25T11:29:51","guid":{"rendered":"http:\/\/egrowonline.com\/?p=20939"},"modified":"2022-06-25T11:29:51","modified_gmt":"2022-06-25T11:29:51","slug":"crypto-market-recovers-133-billion-in-a-week-regaining-16-of-its-capitalisation","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=20939","title":{"rendered":"Crypto market recovers $133 billion in a week regaining 16% of its capitalisation"},"content":{"rendered":"


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\n\"Crypto <\/div>\n

The cryptocurrency market<\/a> is presently in the green after recovering more than $130 billion in the last week.<\/p>\n

Interestingly, the increase in the value of the crypto market capitalization comes at a time when there are fears that the industry is in the midst of a cryptocurrency winter.<\/p>\n

Despite this, the total value of the global cryptocurrency market cap increased by more than 3.3% over the past day. <\/p>\n

Furthermore, over the past week, it climbed from $832 billion on June 18 to $965 billion on June 25, representing a $133 billion increase and an overall rise of 15.99%, according to CoinMarketCap data.<\/p>\n

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Global crypto market cap. Source: CoinMarketCap<\/figcaption><\/figure>\n

Bitcoin price reversal\u00a0<\/h2>\n

The value of the flagship cryptocurrency leads the global crypto market in terms of inflow. Currently, Bitcoin (BTC<\/a>), the digital asset with the highest market capitalization is trading at $21,392, up 2.29% in the last 24 hours and 10.27% in the previous week.<\/p>\n

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Bitcoin price chart 1-day. Source: CoinMarketCap<\/figcaption><\/figure>\n

Notably, Bitcoin in the last week went from as low as $338 billion to a market cap of $408 billion. Despite the tenacity shown this week in terms of maintaining a position above such a significant level at $20,000, this weekend might be another trying phase for the cryptocurrency.<\/p>\n

The support continues to show signs of distress below, and a break there might put investors\u2019 faith in the sector to the test.<\/p>\n

In spite of the ongoing shakeout in the cryptocurrency market, experts were keeping a close watch on key market indicators for signals that prices may have reached a bottom.<\/p>\n

Ethereum climbs above $1,200 as altcoins see green<\/h2>\n

Elsewhere the second-largest asset by market cap, Ethereum has climbed back above the crucial $1,200 level to trade at $1,223, up 6.05% on the day and 21.36% in the last week, with a total market worth of $148 billion.<\/p>\n

Other leading altcoins such as Cardano (ADA<\/a>), Solana (SOL<\/a>), and Shiba Inu (SHIB<\/a>) are all trading in the green at the time of publication.<\/p>\n

Disclaimer:<\/strong>\u00a0The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.<\/em><\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency market is presently in the green after recovering more than $130 billion in the last week. Interestingly, the increase in the value of the crypto market capitalization comes at a time when there are fears that the industry is in the midst of a cryptocurrency winter. Despite this, the total value of the […]<\/p>\n","protected":false},"author":1,"featured_media":20940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[40],"tags":[1065,6442,62,219,2792,9266,339],"class_list":["post-20939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-billion","tag-capitalisation","tag-crypto","tag-market","tag-recovers","tag-regaining","tag-week"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/06\/Crypto-market-recovers-133-billion-in-a-week-regaining-16-of-its-capitalisation.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20939"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20939\/revisions"}],"predecessor-version":[{"id":20941,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20939\/revisions\/20941"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/20940"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20939"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}