Bitcoin Reclaims $20K, Crypto Market Eyes $1 Trillion, Ethereum 2.0 Merge a Step Closer: This Week's Recap

📆 7/8/2022 5:47 PM
📰 Crypto_Potato

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Bitcoin's price gained a total of 9% this week and reclaimed the coveted $20K level. Meanwhile, Ethereum's transition to PoS seems to also be getting closer.

Bitcoin Reclaims $20K, Crypto Market Eyes $1 Trillion, Ethereum 2.0 Merge a Step Closer: This Week’s Recap

The past seven days saw the total cryptocurrency market capitalization recover towards the $1 trillion mark after losing it in June. At the time of this writing, the market cap sits at $998 billion, according to data from CoinGecko. The broader market also soared. Ethereum is up around 14% in the past seven days, followed by other major cryptocurrencies from the top 10. BNB is up 10%, the same as Solana. XRP and ADA are lagging behind with 3.9% and 2.2%, respectively.

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