BTC rebounded to $38.3K from its low at $29,500 this week. BTC price jumped by 10% after Elon Musk expressed positive views on Bitcoin at Wednesday’s “B-Word” event. Later on, Bitcoin gained another traction when the news about Amazon’s exploration on crypto payment was out. It reached as high as $34,800 on Sunday with a dominance of 46.74%.ETH recovered to $2,313, quickly surging above $2,000 on Wednesday around the same time as Bitcoin’s price rise. The price increase may also be influenced by Elon Musk saying that he owns Ether (ref). ETH price approached $2,200 on Saturday and reversed back to around $2,150 at the time of writing.The price, volume, and volatility indexes all grew at 8.94%, 4.42%, and 139.96%, respectively.
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Crypto.com Weekly Market Update (Week 29…
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BTC rebounded to $38.3K from its low at $29,500 this week. BTC price jumped by 10% after Elon Musk expressed positive views on Bitcoin at Wednesday’s “B-Word” event. Later on, Bitcoin gained another traction when the news about Amazon’s exploration on crypto payment was out. It reached as high as $34,800 on Sunday with a dominance of 46.74%.ETH recovered to $2,313, quickly surging above $2,000 on Wednesday around the same time as Bitcoin’s price rise. The price increase may also be influenced by Elon Musk saying that he owns Ether (ref). ETH price approached $2,200 on Saturday and reversed back to around $2,150 at the time of writing.The price, volume, and volatility indexes all grew at 8.94%, 4.42%, and 139.96%, respectively.