Bitcoin’s recent gains have traders calling a bottom, but various metrics remain bearish By Cointelegraph
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On May 30, the total crypto market capitalization gained 4% and currently is within reach of a $1.3 trillion market capitalization. The move was enough to erase the losses from the previous seven days and was driven mainly by ‘s (BTC) 4.9% gain during that time frame.
Apart from Bitcoin, (ADA) was the only large-cap cryptocurrency that managed to close the week with a positive 4.5% performance. Meanwhile, Ether (ETH), BNB, (XRP) and (SOL) failed to present weekly gains.
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On May 30, the total crypto market capitalization gained 4% and currently is within reach of a $1.3 trillion market capitalization. The move was enough to erase the losses from the previous seven days and was driven mainly by ‘s (BTC) 4.9% gain during that time frame.
Apart from Bitcoin, (ADA) was the only large-cap cryptocurrency that managed to close the week with a positive 4.5% performance. Meanwhile, Ether (ETH), BNB, (XRP) and (SOL) failed to present weekly gains.
Continue Reading on Coin Telegraph