With Bitcoin (BTC) and altcoins in general on the rise, many investors continue to wonder what has and will affect the cryptocurrency market. Because the prices of cryptocurrencies can be affected by all kinds of news. So, what developments should be on the radar of investors this week?
What might affect Bitcoin and altcoins this week?
Firstly, cryptocoin.com As we have previously reported, data on the US consumer price index will be released in the middle of this week. It is thought that these data may affect the prices of cryptocurrencies and gold. Apart from this, the earnings reports of the famous cryptocurrency exchange Coinbase, the giant payment company PayPal, which offers cryptocurrency payment service, and AMC, which accepts payments made with various cryptos, will be announced.
Meanwhile, the overall cryptocurrency market paints a green picture. According to CoinGecko data, the total value of the cryptocurrency market has reached $3 trillion. With a price of $66,200, Bitcoin is challenging the record of $67,276 seen late last month. The largest altcoin, Ethereum (ETH), is changing hands quite close to the all-time high of $ 4,782, which it broke in the morning. Binance Coin (BNB) is changing hands at $644, Solana (SOL) at $244, Cardano (ADA) at $2.04, XRP at $1.26, Polkadot (DOT) at $53.47.
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