Bitcoin Maintains $9K as DeFi Altcoins Skyrocket: The Weekly Crypto Market Update

View in browser Weekly Crypto Market Update BTC $9,131 | ETH $227 | XRP $0.177 | Total Market Cap: $261 Billion While Bitcoin remains rangebound, to an extent, last week had some very exciting trading days. Towards the beginning of the week, BTC was trading at around $9,200 until last Saturday when it suddenly dropped and touched a low of $8,833, which remains the lowest point for the week. From there, BTC recovered and even made a failed attempt to climb back above $9,300. As it came to no fruition, the cryptocurrency experienced another sharp decline, losing $300 in minutes yesterday. It consolidated around $9,100, where it's currently trading. Going forward, if bulls are to retake control of the market momentum, they'd first have to overcome $9,260. From below, $9,000 is shaping up as a strong support level from both a technical and psychological perspective. The week's center spot, perhaps to no surprise, was entirely taken by altcoins in the DeFi space. The sector is flourishing as yield farming continues. With over $1.77 billion of value locked in various lending and borrowing protocols, the sector is currently at its highest point. Read The Full Market Update Price Analysis Overview of Bitcoin, Ethereum, Ripple, Kyber Network, and Bancor This week we've taken a closer look at the performance of Bitcoin, Ethereum, Ripple, Kyber Network, and Bancor. For an in-depth look, read more.  DeFi Booms With $1.77B of Value Locked With over $1.77 billion in total value locked, the DeFi market is at an all-time high. Read more. Elon Musk is Not Building on Ethereum Busting some rumors spread by popular actor William Shatner, Elon Musk said he's not building anything on Ethereum. Read more. 91 Maritza, Plovdiv Bulgaria You received this email because you signed up on our website or made a purchase from us. Unsubscribe