Bitcoin and other major coins and tokens have made gains in seven days of what looked to be a dull week.
BTC was flat on Monday but continued to rise through Thursday. According to CoinGecko, the price of Bitcoin is now comfortably above $47,000. This is an increase of 11% in a week.
Experts spoke to DeCrypto and said that the number is on large investors who are hoarding a lot of cryptocurrency, withdrawing more this year, and technology-focused investors looking at the digital asset market.
The digital coin's biggest fall in value since 10 bitcoin exchange-traded funds (ETFs) were approved on January 10. This used to be for sale at Greyscale, but that seems to be gone now. As a result, money is flowing back into the property.
The price of Ethereum (ETH) has increased significantly in seven days: the price is now at $2,498, a jump of almost 9%.
Developers have finally set an update date to the coin network – dubbed “Denkun”: March 13. The update will be the next step in blockchain development, hoping it will be able to handle more transactions.
Other big news include Solana (SOL), the fifth largest cryptocurrency by market capitalization. For the first time in a year, there was a network outage on Tuesday, which caused the price of SOL to drop. When the problem was solved, the price jumped again.
It is now trading at $109, up 11% on the week.
And privacy coin Monero (XMR) took a hit after crypto exchange Binance said Tuesday it would delist the coin. It bounced the next day but is suffering after falling nearly 28% in a week.
This makes it one of the best performers of the week. Current price is $119.
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