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13 May 2021

Bitcoin, Ether, Major Altcoins – Weekly Market Update May 3, 2021

Bitcoin, Ether, Major Altcoins – Weekly Market Update May 3, 2021

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The total crypto market cap added $303 billion to its value for the last seven days and now stands at $2,280 billion.

Bitcoin closed the previous trading week with a 12.8 percent loss after hitting its lowest point for the last 50 days on Sunday, April 25.

The coin added 9.7 percent to its value and climbed back above the $51,500-$52,000 support zone.

The ether was 3.3 percent up for the previous seven-day period – its fourth consecutive week in green.

On Monday, the ETH/USDT pair continued to march North and added yet another 9.4 percent to its value.

On Thursday, April 29, and Friday, April 30, the ether remained flat in the $2,750-$2,770 zone as profit-taking activities started to kick in after the 25 percent rally during the previous four days.

The coin ended April with a 45 percent increase – its seventh consecutive month in green.

The coin successfully moved back above the 21-day EMA on the daily chart last week and registered a new all-time high by touching its weekly high of $43.9 on April 29.

The currently most advanced Ethereum Layer 2 solution added 109 percent to its value for the last seven days and climbed up to #35 on the CoinGecko’s Top 100 list with a total market cap of approximately $5 billion.

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