Crypto Outlook: BTC, ETC, XRP and LTC Increased This Week as Well

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The global crypto market cap is $1.96T, which increased 2.69% in the previous day. Over the last 24 hours, the market volume is $105.24B, increasing 19.44%. Hence the market seems somewhat in the recovery phase. This crypto outlook will brief how the market performed in the previous weeks’ time.

Bitcoin: BTC is currently trading at $43,046.55, which is a price increase of 2.08% over 24hours. Moreover, the price also increased by 5.67% in the last seven days. BTC today reached a high of $41,962.59 and a low of $43,231.29.

People in Ukraine are now much dependent on crypto, especially BTC and ETH. A refugee from Ukraine named pseudonym Fadey reached Poland with $2,000 worth of Bitcoin held in a USB drive. Fadey told CNBC, “I couldn’t withdraw cash at all because queues to ATMs were so long, and I couldn’t wait that much time”. The funds reportedly represent approximately 40% of his life savings. “I could just write my seed phrase on a piece of paper and take it with me.”

Ethereum: ETH is currently trading at $3,052.84, which is a price increase of 3.03% and 10.32% in the past 24hrs and the last seven days, respectively. The ETH price formed a high of $2,944.82 today and a low of $3,057.57.

Ethereum finally surpassed the $3,000 mark. The market dominance of Ethereum is currently 18.76%. The total market cap of Ethereum has drastically increased and is currently standing at $373.13 billion, even overtaking some of the world’s largest financial institutions, such as Bank of America (BoA) and Mastercard (NYSE: MA).

As per the data acquired by Finbold from CompaniesMarketCap.com, the market cap of BoA and Mastercard remained at $347.51 billion and $337.12 billion.

XRP: XRP is currently trading at $0.8368, which is a price increase of 1.51% over 24 hours and 6.57% over the last seven days.

According to the data by WhaleStats, whales’ utility of XRP has gone up as it climbs up among the most used smart contracts by the 1,000 most giant BSC whales over the last 24 hours. The recent price hike in XRP is because Multichain announced XRPL integration.

Multichain is now supporting XRP Ledger (XRPL) for cross-chain connection with EVM and non-EVM compliant blockchains. Hundreds of thousands of DeFi users will be able to seamlessly move assets between XRP Ledger and other blockchains thanks to integration with XRP Ledger.

Litecoin: LTC is currently trading at $122.41, which is a price increase of 2.73% and 12.22% in 24 hours and over the past seven days, respectively.

On the technical side, LTC recently broke the bearish trendline and has now made an up move. Traders and Investors might witness hurdles near the $143.05 zone as a strong resistance awaits on the way of a bullish move. The $96.61 support zone has three touches and did not allow sellers to move the price further down. As all the major cryptos are up and seem to regain their strength, the LTC community can also see a good recovery in the price.

Nitish Vaibhav
Nitish Vaibhavhttp://thetradingbay.com
I am an Entrepreneur. I believe building a Network and staying connected to the world will give you Wealth.

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