{"id":3615,"date":"2021-04-12T18:25:18","date_gmt":"2021-04-12T10:25:18","guid":{"rendered":"https:\/\/www.coincola.com\/blog\/?p=3615"},"modified":"2021-04-12T19:04:28","modified_gmt":"2021-04-12T11:04:28","slug":"utm_sourceblogutm_mediumblogw0412","status":"publish","type":"post","link":"\/blog\/utm_sourceblogutm_mediumblogw0412\/","title":{"rendered":"Cryptocurrency Market Analysis Report\u2014Weekly in Review(Apr.5-Apr.11)"},"content":{"rendered":"<p>In brief:<\/p>\n<ul>\n<li>The total market capitalization climbed above $2 trillion.<\/li>\n<li>Bitcoin tried breaking above $60k, up 3%.<\/li>\n<li>XRP has the best performance, risen among 130%.<\/li>\n<\/ul>\n<h3><strong><b>Market Review<\/b><\/strong><\/h3>\n<p>Reviewing the cryptocurrency market of last week, from April 5 to April 11, the total market capitalization climbed above $2 trillion, which jumped about 6% higher during this period. It is the highest record in cryptocurrency history.<\/p>\n<p><a href=\"https:\/\/www.coincola.com\"><span style=\"color: #0000ff;\"><strong>CoinCola<\/strong> <\/span><\/a>chose 3 kinds of coins to watch: Bitcoin(BTC), Ethereum(ETH), and XRP.<\/p>\n<p style=\"text-align: center;\"><strong><b>Crypto market data weekly view<\/b><\/strong><\/p>\n<p style=\"text-align: center;\">(from Apr.5 to Apr.11)<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-3618\" src=\"https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2021\/04\/\u622a\u5c4f2021-04-1214.46.11.png\" alt=\"\" width=\"770\" height=\"284\" srcset=\"https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2021\/04\/\u622a\u5c4f2021-04-1214.46.11.png 770w, https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2021\/04\/\u622a\u5c4f2021-04-1214.46.11-300x111.png 300w, https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2021\/04\/\u622a\u5c4f2021-04-1214.46.11-768x283.png 768w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/p>\n<p style=\"text-align: center;\">source: <a href=\"https:\/\/www.coincola.com\/trading\/btc\/usdt\">CoinCola<\/a><\/p>\n<p>Bitcoin tried\u00a0to touch $60k with a high value of $61,319 per coin. Finally, its price was $59,650, which was up nearly 3% in the last week and had a market cap of around $1.1\u00a0trillion. Analyzing the price trend of bitcoin, it attempted to break above the price of 60K but failed. At the same time, it also held support from the lower price of $55,000.<\/p>\n<p>Ethereum\u2019s price is similar to bitcoin\u2019s. It reached $2149, which is up over 3.5%. Ethereum, with a second-largest market cap, has captured about 12%\u00a0in cryptocurrency market.<\/p>\n<p><span style=\"color: #0000ff;\">The price of XRP has the best weekly performance among the top 10 coins<\/span>. Its price doubled already in the past week, which is also the highest price in more than three years. Its price rose from $0.59 to $1.37, up almost 130%. Ripple Labs, the company of XRP token, won a discovery motion from the U.S. Securities and Exchange Commission(SEC) on Tuesday last week, which might drive the price of XRP.<\/p>\n<h3><strong><b>H<\/b><\/strong><strong><b>ot<\/b><\/strong><strong><b>\u00a0Market Events<\/b><\/strong><\/h3>\n<h4><strong><b>1) Peter Thiel, the PayPal co-founder, said bitcoin could be Chinese<\/b><\/strong><strong><b>\u2018<\/b><\/strong><strong><b>Weapon\u2019<\/b><\/strong><\/h4>\n<p>On Apr.8, Peter Thiel, PayPal co-founder, and billionaire investor warned that bitcoin could be a \u201cChinese financial weapon\u201d, which was used to dethrone the U.S. dollar\u2019s monetary status.<\/p>\n<h4>2)\u00a0<strong><b>Meitu, a Chinese web firm, bought bitcoin <\/b><\/strong><strong><b>for<\/b><\/strong><strong><b>$10 million<\/b><\/strong><\/h4>\n<p>On Apr.9, Chinese app developer Meitu reported that it purchased 175.6 bitcoin for $10 million. After that, Meitu has held over 940 BTC, alone with 31,000 ETH, which was worth nearly 100 million.<\/p>\n<h4>3)\u00a0<strong><b>SEC will begin to review WisdomTree\u2019s bitcoin ETF application<\/b><\/strong><\/h4>\n<p>On Apr.10, The\u00a0SEC published a public notice, announcing it would start evaluating the WisdomTree Bitcoin Trust which filed for bitcoin ETF last month. A series of bitcoin ETF applications were submitted to SEC, but the SEC has not permitted yet.<\/p>\n<p>Note\uff1aSEC refers to the U.S. Securities and Exchange Commission<\/p>\n<p><a href=\"https:\/\/www.coincola.com\/signup\/phone?utm_source=blog&amp;utm_medium=weekly0412\"><strong><span style=\"color: #0000ff;\">Sign up on CoinCola Account<\/span><\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In brief: The total market capitalization climbed above&#8230;<\/p>\n","protected":false},"author":12,"featured_media":3619,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false},"categories":[87,79],"tags":[57,265],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - 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