Bitcoin has rebounded after dropping below $30,000 on Wednesday. On Friday, it saw a sharp drop from the $35,000 and downed by 8% as the Federal Reserve’s preferred inflation indicator (PCE) surged to its highest levels in almost three decades. Bitcoin dominance is currently sitting at 47.9% at the time of writing.Meanwhile, Ethereum has downed by almost 20% on Tuesday and dropped below $2,000 for the first time in 3 months to $1,750. It retracted sharply after retesting the $2,000 level on Wednesday and is trading at $1,850 at the time of writing.Overall, the price index dropped 8.11%; while the volume and volatility index grew 11.04% and 8.07% respectively.
Crypto.com Weekly Market Update (Week 25, 21/06/2021 - 27/06/2021)
Crypto.com Weekly Market Update (Week 25…
Crypto.com Weekly Market Update (Week 25, 21/06/2021 - 27/06/2021)
Bitcoin has rebounded after dropping below $30,000 on Wednesday. On Friday, it saw a sharp drop from the $35,000 and downed by 8% as the Federal Reserve’s preferred inflation indicator (PCE) surged to its highest levels in almost three decades. Bitcoin dominance is currently sitting at 47.9% at the time of writing.Meanwhile, Ethereum has downed by almost 20% on Tuesday and dropped below $2,000 for the first time in 3 months to $1,750. It retracted sharply after retesting the $2,000 level on Wednesday and is trading at $1,850 at the time of writing.Overall, the price index dropped 8.11%; while the volume and volatility index grew 11.04% and 8.07% respectively.