Hassan Maishera
TL;DR
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Bitcoin has been trading just above the $30k level since the start of the week.
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Investors have been mulling over ETF news and the ongoing inflation concerns globally.
Bitcoin Stays Above $30k
The cryptocurrency market has stagnated since the start of the week, with the prices of most coins either up or down by 1% during that period.
Bitcoin, the leading cryptocurrency by market cap, has maintained its price above the $30k level since the start of the week.
At press time, the price of Bitcoin stands at $30,235, up by less than 1% in the last 24 hours.
Ether, the second-largest cryptocurrency by market cap, has been underperforming since the start of the week. ETH has lost more than 3% of its value so far this week and is currently trading just above $1,800 per coin.
The cryptocurrency market has lost roughly $200 million over the last 24 hours, with the total market cap now at $1.16 trillion.
The best performer so far this week is Bitcoin Cash (BCH). BCH has added more than 65% to its value over the last seven days, outperforming the other major cryptocurrencies in the process.
However, Bitcoin Cash seems to be retracing some of its recent gains and has now lost 2.5% of its value so far today. After reaching a high of $230 yesterday, BCH is now trading at $226 per coin.
