cryptoshitcompra.com/wp-content/uploads/2021/08/Bitcoin-supera-los-45000-y-la-nueva-actualizacion-de.jpg ;/>Bitcoin-supera-los-45000-y-la-nueva- update-de.jpg »class =» wp-post-image »alt =» »/>
Get the weekly summary of the cryptocurrency market trends, news and forecasts!
Summary of this week
- cryptocurrency market closes the week with a total market capitalization of $ 1.827 trillion.
- Bitcoin was up around 7% after a successful weekly execution.
- Ethereum has risen more than 20% in the last seven days.
- XRP records a 6% increase in value during the week.
- Dogecoin, Polkadot and Cardano ended the week with significant increases in value.
- DeFi industry has added nearly $ 8 billion to Total Value Protocols (TVL).
Crypto Trends 02-08 Aug 2021: PERFORMANCE AND ANALYSIS
bulls continue to lead the crypto market as the first week of August sees significant increases in value across the board. Furthermore, the market capitalization has risen by more than $ 170 billion to target $ 2 trillion once again.
Bitcoin is taking all stocks again after a steady surge took it to over $ 45,000 just a couple of days ago. It’s worth noting that the top cryptocurrency has surged by more than $ 15,000 in the last two weeks. As a result, investor sentiment is again peaking and paving the way for an exciting new bull run. Bitcoin is trading at around $ 44,660 right now.
Ethereum has also risen sharply in the past seven days to trade well and above $ 3,000. One of the factors that influenced its boom was the latest Ethereum update, London, which was issued on August 4.
Read also Bit2Me raises 5 million euros in the first phase of the ICO
London statement solved one of the network’s oldest problems, the user going to war to block admission. EIP-1559 update replaced the old bidding process with a single basic pricing mechanism. This new value changes depending on how busy the network is. Plus, it burns excess ETH to decongest the protocol. At the time of writing, Ethereum is trading at around $ 3,150.
Ripple’s XRP is among the cryptocurrencies with the smallest increases in value. But in these tough times, every step forward counts double. After a 6% increase throughout the week. XRP is now trading at around $ 0.81.
Most of the digital assets have been trading green throughout the week. For example, Cardano posted an 8% increase in value to now selling for around $ 1.48. Elsewhere, Polkadot is up 12% and Dogecoin is up 25%. Finally, Binance Coin is up more than 3%.
DeFi industry has earned approximately $ 8 billion in Total Value Protocols (TVL), which now stands at nearly $ 79.34 billion.
What’s in the news
Market forecast next week
This week confirmed that the latest bullish sentiment will not go away so easily. As BTC targets the $ 50k milestone again, Ethereum continues its improvement journey with extensive and promising updates. Additionally, other projects, such as Cardano, Polkadot, and even the Dogecoin meme token, are seeing optimistic rises.
Read also Metaverse’s bet on grayscale is paying off: MANA rises 253% in two weeks
However, after this year’s roller coaster, we must remain vigilant. For example, US regulators are investigating drastic new ways to tax cryptocurrencies.
Right now, it is being debated in the United States Senate how strict the new rules should be. One party contends that current laws leave room for tax evasion. other field warns that the new rules could go against technology and innovation. Depending on the outcome of this political battle, we must bear in mind that the credibility scale of the cryptocurrency is tilted one way or another.
png «/> png» width = »96 ″ height =» 96 ″ alt = »avatar» class = »avatar wp-avatar» />
A creative writer in the content writing field for the past 7 years. Iulian is passionate about his work and his interest in areas such as technology, travel, sports, literature and gastronomy have helped him to seek quality articles that reflect these themes. Recently, he discovered Bitcoin and blockchain technology and is now a huge fan.
Source link
more
