• Login
Crypto Newsmart
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
No Result
View All Result
Crypto Newsmart
No Result
View All Result

Crypto market regains 11% capitalization in a week

in Crypto Exchanges
Reading Time: 2 mins read
Crypto market regains 11% capitalization in a week
16
VIEWS
Share on Facebook
👋 Want to work with us? CryptoSlate is hiring for a handful of positions!On the week of June 13, the crypto market took a major hit after Bitcoin’s price fell. The market cap started the week at $867 billion and ended at $955 billion. This happened at a time when investors started pulling their Bitcoins from exchanges, and analysts argue that Bitcoin will continue its fall.

Bitcoin

Bitcoin also ended the week in green by showing parallelism to the overall market cap. The price was lingering around $17,616 at the beginning of the week and increased to $21,247 at the time of writing, recording a %20 percent increase.

BTCUSD Weekly Chart
BTCUSD Weekly Chart

Sentiments on the bear market

Even though investors pull their Bitcoins out of exchanges and miners choose to sell, crypto hedge funds are still bullish on Bitcoin.

Despite the market crash, prominent analysts and executives never doubted Bitcoin. While agreeing that the bear market will perish thousands of coins and blockchains, major crypto executives say that the ones that offer real value will survive and increase higher than their previous levels.

Web3 Foundation CEO, Bertrand Perez, said:

“We’re in a bear market. And I think that’s good. It’s good, because it’s going to clear the people who were there for the bad reasons,”

On the other hand, Bloomberg’s Senior Commodity Strategist Mike McGlone thinks Bitcoin will see $100K by 2025. Commenting on the adoption and halving rates of Bitcoin, McGlone says:

“For now, I expect Bitcoin to trade lower -I don’t know by how much.[…] it could get down to 20,000, I doubt it does. But whatever happens, I fully expect it to get to 100,000 dollars in two years.”

Prominent news source Forbes also takes Bitcoin as a long-term reality and argues that it can solve the increasing income inequality by providing ownership and proper pricing.

Posted In: Bitcoin, Analysis

Get an Edge on the Crypto Market 👇

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Source link

7 BEST Crypto Mining Software of 2022

Different ways to make money with Cryptocurrency


  • Trending
  • Comments
  • Latest
SHAmory Announces Satoshi Plush That Will Support The Built With Bitcoin Foundation

SHAmory Announces Satoshi Plush That Will Support The Built With Bitcoin Foundation

24 March 2023
New Feature Enables Nigerian Metamask Wallet Users to Buy Crypto Assets Within the App – Wallets Bitcoin News

New Feature Enables Nigerian Metamask Wallet Users to Buy Crypto Assets Within the App – Wallets Bitcoin News

23 March 2023
Federal Reserve Hikes Rates Up by 25 Basis Points Despite Banking Turmoil

Federal Reserve Hikes Rates Up by 25 Basis Points Despite Banking Turmoil

23 March 2023
Nexon picks Polygon Supernets for “MapleStory Universe” and NFT ecosystem expansion

Nexon picks Polygon Supernets for “MapleStory Universe” and NFT ecosystem expansion

23 March 2023
TRX, HT, BTT Crashed After SEC Accused Justin Sun of Securities Fraud

TRX, HT, BTT Crashed After SEC Accused Justin Sun of Securities Fraud

23 March 2023
FTX Founder SBF Faces Scandal for Bribing $40 Million to Chinese Officials to Unfreeze Alameda’s Crypto Accounts

FTX Founder SBF Faces Scandal for Bribing $40 Million to Chinese Officials to Unfreeze Alameda’s Crypto Accounts

28 March 2023
CFTC Crypto Assessment In Binance Case Not Exciting

CFTC Crypto Assessment In Binance Case Not Exciting

28 March 2023
Binance saw $850M withdrawal prior to CFTC indictment: Data

Binance saw $850M withdrawal prior to CFTC indictment: Data

28 March 2023
Yuga Labs to Launch Art Collection on Bitcoin

Yuga Labs to Launch Art Collection on Bitcoin

27 March 2023
Allocation Update Q3 2022 | Ethereum Foundation Blog

Allocation Update Q3 2022 | Ethereum Foundation Blog

27 March 2023

  • Home
  • Disclaimer
  • Privacy Policy
  • Digital Millennium Copyright Act Policy (DMCA)
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
CRYPTO NEWSMART

Copyright © 2021 Crypto Newsmart.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE

Copyright © 2021 Crypto Newsmart.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Manage Cookie Consent

We use cookies to optimise our website and our service.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
Preferences
{title} {title} {title}