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Bitcoin Price Flirts with $90,000 in a Historic Week for Crypto Markets: Your Weekly Recap
In this historic week, the crypto market has seen significant fluctuations. The overall sentiment is that of uncertainty and volatility as various events have impacted the market. This article will provide an overview of the most crucial developments.
Bitcoin (BTC) hit an all-time high of $88,090 (+7.4%) amidst these tumultuous times. Its dominance over the cryptocurrency landscape has also increased to 58.3%. The asset continues to make strides in its mission to remain the top player.
The Ethereum (ETH) price has been trending downward and was on the verge of breaking below $2,000 earlier this week. This downward sentiment could be seen as an excellent opportunity for contrarian investors seeking gains.
Market data suggests that Ethereum is currently trading at a yearly low in terms of sentiment.
Declining dollar value has also sparked discussions about the potential correlation between a weak dollar and higher prices for Bitcoin (BTC) and altcoins.
