What happened in the crypto market this week? Find out the price levels of Bitcoin, Ethereum, Ripple, and other altcoins within this week. We are also taking a look at significant news highlights in the crypto market this week.
Monday:
- After its efforts to climb to $47,000, bitcoin began declining and eventually traded below $46,000. It traded below $45,000 and $44,450 levels and formed a low close to $43,748. It began to ascend after clearing the $46,000; it scaled $47,000 and the $48,000 range before a little retracement sent it below $48,000. It eventually traded above $47,500.
- Ethereum scaled above the $1,750 range and even reached a new all-time high at $1,840 before it began a fresh decline. It traded below the $1,780 & $1,760 support levels and even went below the $1,700 level. It began a climb after $1,730.
- Litecoin traded at its highest peak at $195. It started correcting after this and traded below $180. It then traded above $185.
- Ripple dipped to $0.45 after climbing to $0.55 before it ascended again to trade above $0.50.
- Bitcoin Cash traded above $520 today, which was a yearly high for the altcoin.
Tuesday:
- Bitcoin hit $50k on some exchanges, including Coinbase and Bybit. It went into a correction, and it declined close to $45,700. It began a new increase to trade above $50k. It traded at $50,600 on Bitstamp.
- Ethereum successfully scaled to $1,800 but was halted on its march to $1,850 at $1,835 before it went through a correction. It fell below $1,800 again but was rescued by the bulls at $1,750. It then traded at $1,770.
- After some minor dips, Litecoin bounced back to trade slightly above $200.
- Ripple traded above $0.520 today, while
- Bitcoin Cash seemed to be consolidating gains from its recent rally. It traded at the $690 level.
Wednesday:
- After reaching a new all-time high at $50,600, bitcoin went through a correction and traded below $50,000. It formed a low close to $47,819 before the price began to climb again. Bitcoin's price continued its climb past the $50,600 level. It then scaled $51,000 and set a new record high at $51,500. It corrected below $51k but traded above $51,000.
- Ethereum's price fell below $1,800 and traded at the $1,730 level before the bulls took charge. They were able to get it above $1,820 where it traded.
- Ripple began a fresh decline after breaking above the $0.6500 resistance. It traded below $0.5500.
- Litecoin attained a new high at $231 and traded at $229.
- Bitcoin cash seems to be still consolidating gains. It traded above $710.
Thursday:
- Bitcoin soared past $52,000 to clinch another record high at $52,745. It started a decline and traded under $52,000. The bulls were active at this point, and the price began a fresh increase. It traded above $52,000.
- Ethereum climbed above the resistance at $1,820 and $1,840 levels before beginning a new decline. It found support at $1,800 and started a new increase. It cleared the $1,850 and $1,900 levels to reach a new record high at $1,917. It declined but began another increase and reached a new record high at $1,926. It traded above $1,900.
- Ripple went down to 7th place on the market capitalization index.
- Paybito suspended all trading with XRP.
- Glass ode reported that ethereum futures doubled on Chicago Mercantile Exchange (CME). The volume stood at over $75 million.
- Binance Coin traded at a record $192.
- Litecoin traded at $230 while
- Bitcoin Cash traded about $710, which is almost the same as the previous day.
Friday:
- Over the past couple of days, bitcoin has outshone every other cryptocurrency out there.
- Its price proceeded to break records this week, rising by over 20%. The crypto's poster child broke all previous records to set a new high at $57,851.30.
It was an exciting week for cryptocurrencies. With the adoption of cryptocurrencies at new highs, they have also been enjoying recent bull runs. Next week we could see the same trend continuing.
