The crypto market has been on a downward trend as investors are doubtful about firms that will have similar troubles as the major crypto exchange that collapsed last week. Nevertheless, some cryptos are on green, signifying that investors also used this opportunity to buy crypto at a lower price.
The market took a big hit last week due to the challenges and difficulties faced by the crypto industry that was sparked by the collapse of a major exchange, which has caused crypto prices to fall drastically.
The recent price action for major cryptocurrencies has been on the rise, with the total crypto market cap surpassing $1 trillion over the last week.
The market has been trading positively in the past week, indicating signs that cryptocurrency prices could continue an upward trend in the coming days. There is still some way to go for crypto prices to reach the highs of November 2021 due to the overall downturns in the financial market.
Another relatively stable week for the #crypto markets this week as digital assets have been trading within the current range. The markets are still undecided about whether we are going to experience another downtrend or uptrend, as major news such as the ongoing Russian-Ukraine war and the appointment of Rishi Sunak as the new Prime Minister of … Read more
Check out our weekly #crypto roundup to help keep you updated on the performance of these digital assets compared to the previous week. It has been a relatively stable week for the crypto market, as prices are consolidating and waiting for the next movement. What do you think? Are we #bullish or #bearish for next week?