Bitcoin Market Wrap Up 5/17 – 5/24: BTC Slight Gains, BC and VTC Surge
Bitcoin has made a healthy bounce back since we hit our weekly low of $233 around the night of May 18th. However, Bitcoin only made an additional gain of 1.8% during the week. Between the 17th, and 24th, we’ve saw the Bitcoin price fall from $237 to $232, with most of the 2.1% decline occurring in a couple hours between the 18th and 19th. In that same time frame, we also saw the price shoot back up from $232 to a peak at around $243 on Bitfinex, an additional 4.5% increase in volatility. Long story short, Bitcoin’s price was relatively volatile this week with plenty of up and downswings.....
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Crypto market inches closer to a $2 trillion market cap with each rally. The total market cap had crashed following its peak back in May when the entire market saw a crash across prices. Since then, the movement of the market cap has wavered between slight recoveries and dips. The total crypto market cap had crashed to as low as $1.2 trillion at some point in June. The market cap has now resumed its upward climb, seeing the price of top coins post tremendous gains in the market. Getting back up to $2 trillion remains a big point for the market in general. The total crypto market cap has....
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