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sexta-feira, 19 de junho de 2020

Bitcoin Price Stuck While NASDAQ Breaks All-Time Highs: The Weekly Crypto Report

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Weekly Crypto Market Update

BTC $9,344| ETH $229 | XRP $0.187 | Total Market Cap: $265 Billion

The last seven days were relatively calm when it comes to Bitcoin as it marks a slight decrease of less than 1%. However, on June 15th, the price dropped to about $9,000, but it managed to recover very quickly and has traded in a narrow range since. 

Overall retail interest in the asset seems to be decreasing as Bitcoin recorded the lowest number of searches in the past three months, data from Google Trends revealed. 

The asset remains mostly correlated with legacy markets, but the latter appears to be catching some speed. The NASDAQ Composite index marked an all-time high on June 10th and is currently trading slightly below that. The same is true for Nasdaq 100. The S&P 500 is also very close to its former highs before the March declines as it trades only 5% below it. 

Read The Full Market Update
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