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21 June 2021

Bitcoin, Ether, Major Altcoins – Weekly Market Update June 7, 2021

Bitcoin, Ether, Major Altcoins – Weekly Market Update June 7, 2021


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The total crypto market cap added $65 billion to its value for the last seven days and now stands at $1,679 billion.

The top 10 coins were all in green for the same time period with some of them posting double-digit gains.

The ether added 14.4 percent up on a weekly basis, rebounding perfectly from the 21-day EMA on the bigger timeframe.

It ended the month of May 2.5 percent lower compared to the previous 30-day period.

The ether is trading 6 percent higher as of the time of writing this market update on Thursday.

Since then, it has added approximately 68 percent to its value and is now pushing to stabilize above the $40-$42 resistance on the daily chart.

The test net platform of the Polkadot ecosystem added 35 percent to its value for the last seven days after jumping up from the 21 EMA on the Weekly timeframe.

The coin was 57 percent up at some point during the week but hit a serious resistance in the $490 area.

The KSM token moved up to #32 on CoinGecko’s Top 100 list with a total market cap of approximately $3.65 billion.  It peaked at $493 on June 3 and as of the time of writing this is trading at $435.

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