The post Crypto Market Weekly Report : Key Trends and Performances in the First Week of 2024 appeared first on Coinpedia Fintech News
The crypto industry started trading the year on a positive note as top crypto tokens successfully broke out of their key levels, indicating a increased buying pressure in the crypto space. Moreover, the market displayed a jump of over 5% in its valuation within the first three days.
Furthermore, the market experienced a significant volatility during the past two days as the major cryptocurrencies have recorded significant correction in their respective value. Overall, the industry trades under a strong bullish influence, indicating a possibility of a massive price action in the coming time.
Bitcoin Performance:
The Bitcoin price started trading the year with a price tag of $42,580, and within the first two days recorded a jump of over 7.5%. This resulted in the BTC price successfully breaching out of its upper limit of $45,000 for the first time in 20
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