The Annual Bitcoin Conference came to an end last Sunday in Miami, and although attendance was at all-time high with over 30k attendees, the price of bitcoin fell back below US$40k for the first time since mid-March, and the rest of the crypto market dropped along with it. At the time of writing,
Despite mostly positive news throughout the week from regulators around the world, momentum to the upside fizzled this week with Bitcoin and the crypto market pulling back, with bitcoin trading at $42,694 at the time of writing.
Ether fell slightly less, down -6.98% vs bitcoin’s -7.87% over the last seven days.
It was another week in the black for bitcoin and most of the crypto market, momentarily breaking the US$48K level mid-week, before pulling back and trading at $46,347 at the time of writing.
Ether outperformed bitcoin for a second consecutive week, up 10.72% vs bitcoin’s 3.79% over the last seven days.
Bitcoin inched higher over the last week, breaking the US$40K level once again, and was trading at $41,920 at the time of writing.
Ether’s price action outperformed bitcoin, up 13.07% vs bitcoin’s 7.06% over the last seven days.
Bitcoin’s market cap rose to $796B, market dominance is at 42.07%, and the entire crypto market is valued at $1.89T.
Bitcoin traded in a tight range for most of the week, however rose on news of United States President Joe Biden’s executive order on crypto before giving up the gains a day later and finishing the week flat. Bitcoin was trading at US$39,134 at the time of writing.
Ether’s price action lagged bitcoin once again,
Bitcoin started the week strongly adding over 14.5% which was the largest daily gain since 8 February 2021, and managing to breach the US$45K level, but failed to hang onto most of the gains into the weekend. Bitcoin is trading at $39,523 at the time of writing.
Ether’s price action lagged,
Bitcoin managed to squeak a positive return over the last week despite a 12% drawdown after Russia’s military invaded the Ukraine. The bitcoin price fell to US$34,459 but rallied going into the weekend, and is trading at $38,861 at the time of writing.
Ether’s price action was slightly better, up 3.80% vs bitcoin’s 0.26% over the last 7 days.
The bitcoin price fell below US$40K for the first time in over two weeks, with fears that Russia will invade Ukraine causing concern across equity and crypto markets. Bitcoin started the week well, but ended up falling into the weekend, hitting a low of $38,7999 where it stands at the time of writing.
The bitcoin price rallied through the week, reaching a high of US$45.6K before pulling back heading into the weekend, and settling at $42,381 at the time of writing. Since hitting a low of $33.1K two weeks ago, the price has rallied 27.7%, demonstrating the volatility in this asset class.
Ether’s price action lagged bitcoin,
Range-bound for most of the week, the bitcoin price managed to surpass US$40K for the first time in over two weeks. Dipping slightly to $37K after the U.S. jobs report was announced on Friday, the price rallied over the weekend and is sitting at $41,473 at the time of writing.
Ether’s price action was much stronger,