Bitcoin surged above $40,000 on Friday and continued its winning streak again. On Sunday, Bitcoin managed to hit above $45,000 for the first time since mid-May with a dominance of 47.23%.Ethereum has gained more than 14% as the London hard fork went live on Thursday. The upgrade contains EIP-1559 that aims to counterbalance Ether’s increasing supply, prevent economic abstraction of Ether, reduce fee volatility, and increase fee market efficiency alongside other EIPs (ref). The gain continued, and the price broke the $3,100 mark for the first time since May.Overall, the price and volume index grew by 11.18% and 7.61% respectively, while the volatility index dropped by 37.57%.
Crypto.com Weekly Market Update (Week 31, 02/08/2021 - 08/08/2021)
Crypto.com Weekly Market Update (Week 31…
Crypto.com Weekly Market Update (Week 31, 02/08/2021 - 08/08/2021)
Bitcoin surged above $40,000 on Friday and continued its winning streak again. On Sunday, Bitcoin managed to hit above $45,000 for the first time since mid-May with a dominance of 47.23%.Ethereum has gained more than 14% as the London hard fork went live on Thursday. The upgrade contains EIP-1559 that aims to counterbalance Ether’s increasing supply, prevent economic abstraction of Ether, reduce fee volatility, and increase fee market efficiency alongside other EIPs (ref). The gain continued, and the price broke the $3,100 mark for the first time since May.Overall, the price and volume index grew by 11.18% and 7.61% respectively, while the volatility index dropped by 37.57%.