Crypto Hub

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Powered by 21Shares This Week in Crypto The overall sentiment for the cryptoassets industry is still in shock from the market correction that happened over the past few weeks. The macro factors driving the markets are a by-product of the Russian invasion of Ukraine and China’s COVID Zero policy combined, with the Federal Reserve’s latest interest rate hike adding fuel to the fire. Food prices have gone up 37% year-over-year, spurring protests in Sri Lanka and Iran. However, panic selling seems to be coming to an end; large investors, such as MicroStrategy, are still holding on to their crypto holdings. Bitcoin is down by 13%, trading between $33K and $29K over the past week, shrinking its market cap dominance to 42.4% as shown in Figure 1. Ethereum is down by 20%, trading between $2,423 and $2,013. On the upside, the top gainers out of last week’s rally were Cosmos, Solana, and Cardano. Major Cryptoassets by Percentage of Total Market Capitalisation ...
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Powered by 21Shares Market Outlook The market is back on track for recovery with Bitcoin picking up by 12.6% since last week, jumping above the $40K mark and reaching nearly 40% of the total crypto market for the first time in 6 months. Ethereum on the other hand was up 14.4% since last week, sustaining its position above the $3K mark while XRP and Cardano outperformed the rest of the altcoins, ranked respectively at #6 and #7 by market capitalization. ...