Another week closes in the crypto sector, with eye-capturing developments unfolding across the broader market. Bitcoin faced a bearish takeover and slumped to a low point of $53K this week. Meanwhile, the altcoin market followed with a tumbled price movement.
Ethereum price dropped to the $2,800 level over the past seven days, raising investor concerns despite a looming ETH ETF. On the other hand, XRP briefly touched its vital support of $0.39, piquing further investor attention.
So, let’s take a closer look at this week’s top crypto highlights that have echoed a frenzy across the market.
Bitcoin & Ethereum Spark Speculation
Notably, the two largest cryptos by market cap have birthed a tsunami of speculations this week, primarily with their bearish price movements. As mentioned above, while BTC slipped to a low of $53K, ETH slumped to the $2,800 price level. These waning movements are attributable to a stockpile of bearish factors spotlighted by CoinGape over the past week.
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