What a wild ride it’s been in the crypto world this week! As most of the market gains kicked in after the ball dropped on New Year’s Eve, we’re witnessing an impressive surge—total market cap now stands at a whopping $3.57 trillion, up by $110 billion compared to last week! While Bitcoin seems to be taking a breather around $96,600, it’s been the altcoins making headlines with some remarkable gains. So, what’s the secret sauce behind these bullish vibes, and can they last? Dive in as we explore the recent happenings and the exciting altcoin performances that are stealing the spotlight! LEARN MORE
Bitcoin is trading more or less flat on the week, currently sitting at $96,600 after a tumultuous price action throughout the past seven days. The bears were hoping to push it back below $90,000 after Christmas and, to be frank, they almost succeeded. The price dropped to a low close to $91,000 before the bulls finally decided to stand up and show some strength.
Once the new year arrived, the buyers stepped into the market and started pushing forward. BTC recovered to where it was trading before the Christmas shennanigans, which, for its part, propelled the entire market into positive territory.