Crypto Market Forecast: Week of April 5th 2021

in LeoFinance4 years ago

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By Aditya Das
April 6,, 2021

A curated weekly summary of forward-focused crypto news that matters. This week, Ethereum hits new all-time highs, miner revenue surges on Bitcoin despite high network difficulty, and BNB cements its position as the third-largest asset in the crypto space.

A historically significant week in crypto markets ends with multiple tokens achieving new all-time highs. The second-largest asset on the Brave New Coin market cap table, Ethereum (ETH), rose ~20% in the last week and hit new all-time highs three days ago. It looks set to challenge even higher thresholds after a strong day of trading on Monday.

The Bitcoin price rose ~5% in the week but was outperformed by altcoins. Large-cap assets Binance Coin (BNB), XRP (XRP), and Polkadot (DOT) have risen ~39%, ~64%, and ~32% in the last week. BNB and DOT joined ETH in hitting new all-time highs.

Crypto Market Forecast: Week of April 5th 2021