The global crypto market capitalization, at the time of writing, was $1.18 trillion. This is the same mark it was at a week ago on April 24, and despite rising to $1.21 trillion over the past week, it was unable to maintain the streak. Bitcoin (BTC) and Ethereum (ETH), two of the most valued and popular cryptocurrencies, started this week with lower prices, signaling investors to prepare for a lackluster week.
Before going any further, readers should note that the overall crypto market and coin prices are extremely volatile in nature. There are no foolproof methods for determining how cryptocurrencies are expected to behave in the future. This article is intended to help investors keep abreast of current market scenarios and major events that have already taken place, as well as some upcoming events worth mentioning. Investors are advised to do their own research before taking any calls.
Crypto Prices Over the Last Week
Last Monday (April 24), the total crypto market capitalization was $1.18 trillion. BTC price stood at around $28,270.13, ETH price stood at around $1,814.
A week later, the overall market capitalization remained at $1.18 trillion despite rising to $1.21 trillion a few days ago, according to data from CoinMarketCap. BTC and ETH managed to break above the $29,000 and $1,900 marks, respectively, but fell back to $28,000 and $1,800 over the weekend.
Check the main cryptocurrency prices today
Total DeFi volume is $2.6bn, or 6.67% of total 24-hour market volume. For stablecoins, the total volume stands at $35.85 billion, or 91.85 percent of the total 24-hour market volume.
BTC dominance, at the time of writing, stood at 46.82 percent.
In the last seven days, Bitcoin reached a high of $29,970.67 (April 26) and a low of $28,185.53 (April 24), showing signs of a relatively weak streak.
Ethereum, on the other hand, recorded a high of $1,961.02 (April 26) and a low of $1,806.27 (April 27).
Crypto events to watch out for
While there are no major crypto events scheduled for next week, the US Federal Open Market Committee (FOMC) is meeting on May 2-3, where a rate hike is expected. of 25 basis points, which may lead to a rally. on the prices of major cryptocurrencies, including BTC, ETH, Ripple (XRP) and others.
The US Jobs Report is also due later this week, and if favorable, it's safe to expect some gains across the board, based on past trends.
Disclaimer: Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not legal tender and is subject to market risk. Readers are advised to seek expert advice and carefully read the offering documents along with relevant relevant literature before making any type of investment. cryptocurrency market predictions are speculative and any investment made will be at the sole risk and account of the readers.
