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Cryptocurrency Market Impulses to Double-Digit Weekly Gains -Breaking

by Mike Robinson

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Cryptocurrency Market Boosts Double-Digit Weekly Gains
  • The cryptocurrency market is experiencing a new impulse. All top 10 cryptocurrencies are up double-digits over the past seven day.
  • Following a three-week peak, the cost of just above $42,800 has dropped slightly.
  • In the 7-day period, all 10 top cryptocurrencies have seen double-digit increases in market cap.

All ten top cryptocurrency cryptocurrencies have seen a fresh boost in the market over the past seven days.

Bitcoin just recently hit a 3 week high when the price of Bitcoin hit $43,300. The price of Bitcoin dropped to below $42,800 since then according to CoinMarketCap cryptocurrency market tracker.

A spike in cryptocurrency markets was followed by the bullish rise in Bitcoin. The market caps of the 10 top cryptocurrency coins are as follows: (ETH) is slightly above $3,000 (BNB), at $407.28 (XRP), at $0.8455 (ADA) @ $0.9729 (SOL at $91.56) and (AVAX at $86.84).

The Cryptocurrency Market Rises By Double Digits (Source : CoinMarketCap

The screenshot shows that all ten top cryptocurrency have increased by at least double their value in the past seven days. Apart from stablecoins (USDT), USDC, (LUNA, and AVAX, which are down, most of the top 10 cryptocurrencies have been on an upward trend for the last 24hrs.

It could indicate that cryptocurrency’s rumored winter won’t happen. While the crypto market has had its share of problems in recent months, including the Ukraine-Russia war, UK financial watchdogs closing down ATMs, DeFi hacks and demonetization, the market appears to be now well on its feet.

People have also been transferring a part of their money into cryptocurrency to hedge the rising inflation.

Continue reading on CoinQuora

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