Another rollercoaster week for Bitcoin – and the broader crypto market.
First, the biggest digital coin doesn't look like it's going to stop when it traded comfortably above $70,000 at the start of the week. Then on Wednesday The price of Bitcoin It hit another all-time high of $73,737, according to CoinGecko.
But things cooled down in February when inflation slowed more than expected. A sell-off in stocks and Bitcoin worsened after crypto fund manager giant Greyscale moved its assets to Coinbase, pushing the price further down.
The coin is now trading at $68,100 per coin, where it started the week.
Meme tokens—especially those running on Solana like Bonk—were surging and making big gains throughout the week. Now they fell again.
Dogecoin was big after billionaire tech entrepreneur Elon Musk hinted that his car company would accept cryptocurrency from people looking to buy vehicles.
The 10th largest cryptocurrency is now down a lot, by almost 15% in the last seven days, and after hitting a high of $0.187, the price is $0.15.
The super-popular dogwhiphat that goes on Solana has done well. It's up 18% in seven days and is trading at $2.50—down slightly from its midweek high of $3.44.
Among the major cryptocurrencies, Solana is the winner. The fifth largest digital asset jumped more than 29% and is now trading at $188. The market cap also reached an all-time high of $83.7 billion this week.
Solana prices are still below the November 2021 all-time high of $259.96.
Edited by Ryan Ozawa.
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