This Week In Coins: Ethereum Stays Afloat as Crypto Market Sinks
It’s been a tough week for Bitcoin, the most popular cryptocurrency. Despite some ups and downs, it entered the weekend below $64,500, marking a 2.6% loss over the past seven days. This is especially disappointing since MicroStrategy bought another $786 million worth of Bitcoin this week. MicroStrategy’s founder says the company has no plans to sell. However, sell pressure from long-term Bitcoin holders, including the German government, outweighed this demand. According to CryptoQuant, the broader crypto market is slowing down due to a lack of new investor interest.
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