WMA: Bitcoin Reverts to $23,000 as Market Undergoes Mild Correction
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 $1,060 trillion. Bitcoin is down by over 6% after a disappointing week. Ethereum decreased by almost 6% over the past seven days. XRP lost more than 5% in value this week. Almost all altcoins are trading in the red, with a few exceptions. The DeFi sector increased the total value of protocols (TVL) to around $51 billion. Crypto Trends 20 – 26 February 2023: Market Analysis and Performance The crypto market had a poor week following a surprising and enriching bull run. Most assets have lost some recent gains as they experienced a mild correction. Meanwhile, the market capitalization dropped by around $60 billion but remained above the $1 trillion mark. Bitcoin started the week riding high and around the $25,000 level. The more optimistic BTC supporters hoped for a continuous surge all the way to $30k. Unfort...