Welcome to CryptoMonday’s weekly review for Week 16. As usual, there was a lot to report on this week so it’s no surprise that we were able to deliver a whole bunch of exciting news again.
We are currently dealing with a drop in the bitcoin price, but where is all this going? The mood in the market is booming, but we don’t want to reveal more at this point. Enjoy our weekly CryptoMonday review!
Let’s know next What was the most interesting or important event for you this week and discuss it with our events The community on Telegram.
Bitcoin price collapse with further downside potential? The analyst placed his buy order at $ 32,501
Some analysts expect Bitcoin to drop to $ 32,500 in the short term after breaking several key support levels from the bears.
The Bitcoin cycle It reached lows on Friday not seen since early March. So it is not surprising that some analysts are already from levels well below realistic price targets Bitcoin (BTC) Call. Which you can do in detail In this article Testing.
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Ethereum hits new ATH at $ 2,645 – the last leg of the altcoin season?
While Bitcoin (BTC) continued to hold its head down, Ethereum (ETH) stormed the platform and, along with the rest of the altcoin market, pushed BTC’s market dominance to less than 50%.
Ethereum (ETH)Bitcoin (BTC) and other cryptocurrencies, the largest alternative currency by market value, reached an all-time high on April 22nd, despite a bearish phase looming over Bitcoin (BTC) and other cryptocurrencies. Read on.
The XRP and Altcoin craze is extending to institutional investors
Institutional investors bounced around XRP from Ripple and other altcoins over the past week, while nearly $ 33 million was poured into XRP investing products.
According to CoinShare and its weekly money flow report for digital assets, it was about $ 33 million last week XRP Products are closed. This brought the size of AUM to $ 83 million. Call the article.
Bitcoin collapses to $ 50,000, $ 4.9 billion liquidation from 1 million users: Here’s the background
Chain analyst Willie Wu argues that a massive blackout in the Chinese mining center of Xinjiang caused a sharp collapse in the bitcoin price to $ 50,000.
Wu noted that reports identifying the power outages were released late last week. Power outages occurred to enable safety inspections in response to a recent flood accident at a local coal mine that left 21 miners temporarily trapped underground after power and communications outages. Read more about it.