Powered by 21Shares
This Week in Crypto
Bitcoin barely moved over the past seven days while Ethereum saw an increase in price by 4.9%. Avalanche recorded a 21.31% increase week-over-week, following its listing on Robinhood on August 8 alongside Stellar. Other outliers from this past week are Chainlink and Polkadot, each recording an increase by 19.7% and 16.27% respectively, in addition to Binance Coin whose price increased by almost 14%; all on the back of developments which we will delve deeper into further in this newsletter.
...
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.
...