Crypto Week Ahead: Bitcoin regains steam, with a global market cap of $1.66 trillion

Bitcoin (BTC) reached a high of $44,231.23 in the last seven days.

Bitcoin (BTC), the world’s most popular cryptocurrency, has recovered after a brief drop and is now trading about $43,000. At the time of writing, the worldwide market cap was $1.66 trillion, up from $1.46 trillion the previous week.

Before we continue, readers should be aware that the general crypto market and coin prices are quite volatile. There are no surefire strategies for predicting how cryptocurrencies will behave in the future. This article is intended to help investors stay current on market scenarios and major events that have already occurred, as well as some impending events worth mentioning. Before making any investment decision, investors should conduct their own research.

Crypto Prices Over The Past Week

The global crypto market cap was $1.46 trillion on Monday (December 18). BTC was trading about $41,100, while ETH was trading around $2,170.

A week later, the total market capitalization had risen to $1.67 trillion.

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DeFi’s total volume is $8.05 billion, accounting for 13.46 percent of overall market 24-hour volume. Stablecoins had a total volume of $52.35 billion, accounting for 87.51 percent of the total 24-hour market volume. According to CoinMarketCap, the overall market fear and greed index was ‘Greed’ with 72 points (out of 100).

At the time of writing, BTC has a 50.72 percent market share.

Bitcoin reached a high of $44,231.23 (on December 20) and a low of $40,633.10 (on December 18) in the last seven days.

In contrast, Ethereum reached a high of $2,336.92 on December 23 and a low of $2,127.61 on December 18.