The leading cryptocurrency, Bitcoin (BTC), stabilized between $25800 and $26200 after falling from $26600 to $25400 at the beginning of last week. Ethereum (ETH) failed to break through the $1700 level last week, and with recent price trends, its trading price is around $1640
The leading cryptocurrency, Bitcoin (BTC), stabilized between $25800 and $26200 after falling from $26600 to $25400 at the beginning of last week. Ethereum (ETH) failed to break through the $1700 level last week, and with recent price trends, its trading price is around $1640.
Continued uncertainty in the market
With Bitcoin consolidating between $25800 and $26200 in recent days, the cryptocurrency market has remained relatively stable during this period. At the same time, BTC opened slightly higher and reached $25950. According to CoinMarketCap (CMC) data, the total market value of encrypted ecosystems has reached $1.05 trillion.
In addition, the volatility of the cryptocurrency market has once again declined. According to Coinglas data, the clearing value of short and long positions in the cryptocurrency market over the past 24 hours was approximately $30 million.
What is the current status of Ethereum (ETH)?
Ethereum (ETH) tested the $1700 level multiple times at the beginning of last week, but after experiencing a decline from $1690, due to the downward trend in the crypto market, ETH fell below the $1650 level, with a drop of over 1% in the past week. To CMC data. After a week of decline, ETH opened the day with a slight increase and began trading around $1640, with an average increase of 0.5% over the past 24 hours.
In addition, since last week, Ethereum (ETH) has shown relatively low price performance compared to many other high market value cryptocurrencies. BNB, Cardano (ADA), Wave Field (TRX), and Poca (DOT) have all recorded varying degrees of price increases in the past week, while the leading cryptocurrency BTC has on average fallen by 0.3%, and ETH has recorded a decline of over 1.2%. In addition, after experiencing the downturn of the past week, ETH's market value has fallen below $200 billion.
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