Bitcoin (BTC) led a bullish rally at the beginning of the week, nearly hitting a seven-week high of $28.3K.
The global crypto market declined by 2.56% in the last 24 hours.
In a rollercoaster week for the global cryptocurrency market, Bitcoin (BTC) led a bullish rally, nearly reaching a seven-week high of $28.3K on Monday, positively influencing various digital currencies. However, the market faced a sudden downturn today, plummeting by 2.56%.
Bitcoin (BTC) Price Chart (Source: CoinMarketCap)
Bitcoin experienced a surge on Monday, approaching the $28.3K range, only to lose 2.78% in the past 24 hours, trading at $27,502. Nevertheless, it managed to maintain a 4.68% increase from the previous week. Ethereum (ETH), the second-largest cryptocurrency, mirrored the market’s volatility, dropping 4.19% in the past day to trade at $1,655. Despite this setback, it recorded a 4.08% weekly gain.
Marketwide Decline:
The market decline wasn’t limited to Bitcoin and Ethereum, as other cryptocur
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