The cryptocurrency market is currently in the green after recovering over $130 billion in the past week.
Interestingly, the increase in cryptocurrency market capitalization comes at a time when there are fears that the sector is in full swing. crypto winter. Despite this, the total value of the global cryptocurrency market capitalization has increased by more than 3.3% over the past day.
In addition, over the past week, it has climbed from $832 billion on June 18 to $965 billion on June 25, an increase of $133 billion and an overall increase of 15.99%, according to data from coingecko.
Bitcoin price reversal
The value of the flagship cryptocurrency leads the global crypto market in terms of inflow. Currently, bitcoin (BTC), the digital asset with the largest market capitalization, is trading at $21,392, up 2.29% in the last 24 hours and 10.27% over the previous week.
Over the past week, bitcoin has gone from a level of $338 billion to a market capitalization of $408 billion. Despite the tenacity shown this week in terms of maintaining a position above such an important level at $20,000, this weekend could be another trying phase for the cryptocurrency.
Despite the ongoing jolts in the cryptocurrency market, experts were watching key market indicators closely for signals that prices may have bottomed out.
Ethereum climbs above $1,200 and altcoins turn green
The second-largest asset by market capitalization, Ethereum, climbed back above the crucial $1,200 level to trade at $1,223, up 6.05% on the day and 21 .36% over the past week, with a total market value of $148 billion.
Other top altcoins like Cardano (ADA), Solana (SOL), and Shiba Inu (SHIB) are all trading in the green at press time.
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