WMA: Bitcoin Taps and Loses $24,000 as Memecoins Soar
Get the weekly summary of crypto market Analysis , news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,070 trillion. Bitcoin is down by nearly 2% after intense seesawing this week. Ethereum increased by almost 2% over the past seven days. XRP lost more than 1% in value this week. Almost all altcoins are trading in the red, with a few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around $45 billion. Crypto Trends 30 January – 05 February 2023: Market Analysis and Performance The crypto market shrinks temporarily after a bullish January. The New Year has brought spectacular and largely unexpected gains across the board. Therefore, a slight contraction was always in the cards for most assets. Fortunately, the losses are less significant. This is visible in the market capitalization, which dropped by only $1 billion this week. Bitcoin seesawed for most of the week between $23,000...