WMA: Bitcoin and Altcoins Continue to Grow, Genesis Files for Bankruptcy
Get the weekly summary of crypto market Analysis , news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,048 trillion. Bitcoin is up by over 9% after a highly successful week. Ethereum increased by almost 6% over the past seven days. XRP gained nearly 5% in value this week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector increased the total value of protocols (TVL) to around $49 billion. Crypto Trends 16-22 January 2023: Market Analysis and Performance The crypto market enjoys another week in the green despite negative rumors and bankruptcy woes. Almost all assets have added to their previous gains, and the market capitalization has finally climbed back above the $1 trillion mark. All in all, this surprising uptrend is fueling the industry’s optimism for brighter days ahead. Bitcoin was close to the $21,000 level only a week ago. Many believed the king crypto was flying hi...