Bitcoin (BTC) reached a high of $35,812.49 in the last seven days.

Sam Bankman-Fried, the founder of the troubled crypto network FTX, was convicted of financial irregularity charges late last week. This event caused a momentary halt in Bitcoin’s recent surge. BTC, on the other hand, looks to have stabilised throughout the weekend, reaching past the $35,000 barrier early Monday. According to CoinMarketCap data, the market’s Fear & Greed Index was 73 (out of 100), indicating a generally bullish view among investors. It remains to be seen whether the world’s oldest cryptocurrency can maintain its winning record during the holiday season this year.

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 total crypto market cap was $1.26 trillion. BTC was trading about $34,300, while ETH was trading around $1,750.

A week later, the total market capitalization had risen to $1.32 trillion.

Check Out Top Crypto Prices Today

DeFi’s total volume is $4.29 billion, accounting for 11.30 percent of overall market 24-hour volume. In the case of stablecoins, the total volume is $32.50 billion, accounting for 85.65% of the total 24-hour market volume. According to CoinMarketCap, the total market fear and greed index stood at ‘Greed’ with 73 points (out of 100), indicating a significant increase in investor confidence compared to last Monday.

At the time of writing, BTC held 51.81 percent of the market.

Bitcoin reached a high of $35,812.49 (on November 2) and a low of $34,110.97 (on October 30) in the last seven days.

In contrast, Ethereum reached a high of $1,905.32 on November 5 and a low of $1,782.92 on November 3.

Crypto Events To Note

Sam Bankman-Fried, the famed founder of FTX, was convicted of financial impropriety charges relating to the now-defunct cryptocurrency exchange in a landmark legal verdict, signalling a significant advance in the realm of financial crime. This result highlights the sharp collapse in the fortunes of the 31-year-old entrepreneur, who was previously considered one of the world’s billionaires.

Following a one-month trial in federal court in Manhattan, a twelve-member jury unanimously found Bankman-Fried guilty on all seven counts. Prosecutors said that he illegally plundered $8 billion from the exchange’s users for personal financial gain.

This conviction comes nearly a year after FTX declared bankruptcy, a seismic event that rippled across financial markets and resulted in the massive depreciation of Bankman-Fried’s estimated $26 billion in personal worth.

Meanwhile, in India, government officials and financial regulators are apparently considering tougher restrictions, including the outright prohibition of private cryptocurrencies. According to a recent Hindustan Times report, the government is actively promoting the use of a central bank digital currency (CBDC) as a novel and cost-effective method of facilitating payments.

However, this measure may not fully answer the Reserve Bank of India’s concerns about private cryptocurrencies and their possible impact on macroeconomic stability. According to the report, two anonymous officials have expressed doubts about recognising private crypto assets as legal cash in the country.

These worries are echoed in a synthesis document co-authored by the IMF and the Financial Stability Board, which was delivered to the G20 governments in September. The report emphasises the hazards connected with private cryptocurrencies and proposes a minimal regulatory threshold. The sources of this information have asked to remain anonymous.

Bitcoin was back in the red on Thursday, falling roughly 1% but still above $27,000, while Ethereum fell more than 1% to fall below $,1700.

Bitcoin fell again into the red on Thursday as traders took profit amid unpredictable market sentiments. The Federal Court’s decision on Tuesday is considered by Grayscale as paving the way for a spot bitcoin ETF. However, traders’ general attitudes remain volatile.

Bitcoin fell back into the red on Thursday, dropping approximately 1% but remaining over the $27,000 mark. Its largest peer, Ethereum, fell more than 1% to go below the $,1700 barrier once more. During the early trade, altcoin prices were on the lower side.

Bitcoin’s price has remained above $27,000 as markets self-corrected following the sudden expansion sparked by Grayscale’s victory against the US SEC yesterday.

This decision, however, has instilled cautious optimism in the market about an anticipated decision on the Bitcoin spot ETF in the United States. Investors are waiting for an update from the SEC on Bitwise’s application, which has an initial deadline of September 1st. Ethereum, on the other hand, has been trading around $1,700.

With a few exceptions, all of the biggest cryptocurrency tokens were trading slightly lower on Thursday. Solana was down more than 4%, while Polkadot was down 3%. Polygon and Tron both dropped 2%. Toncoin gained nearly 1% among the gainers, while Dogecoin gained somewhat.

The worldwide cryptocurrency market cap was trading marginally lower, at $1.08 trillion, having declined as much as 1% in the previous 24 hours. However, total trade volumes fell by more than 45% to $29.74 billion.

In the last 24 hours, the cryptocurrency market has traded sideways with downward pressure. Investor sentiment, on the other hand, has risen 3 points since yesterday and is now in the neutral zone with a score of 52/100. The majority of the top ten cryptocurrencies by market capitalization were trading in the red.

Robinhood, one of the top financial brokers in the United States, has seen considerable growth in its wallet app since adding wallet support for BTC and DOGE. Despite the fact that this appears to be a late development in a saturated market segment, investors seemed to be pleased with the move.

Bitcoin climbed more than 2% to reclaim the 29,500-mark, while Ethereum was trading higher, up more than 1% but unable to break above $1,850-levels.

Bitcoin and other major cryptocurrency tokens were mainly higher on Wednesday, ahead of important economic data anticipated later this week. The entire Bitcoin story has turned to the Bitcoin ETF, which has been less volatile recently since the $30,000 mark has become a crucial benchmark. However, macros continue to be important.

Bitcoin was back in action on Wednesday, with the largest crypto asset gaining more than 2% to reclaim the 29,500-mark. However, its greatest peer, Ethereum, was trading higher, up more than a percent, although it was unable to go beyond $1,850. The price action in the major altcoins was positive.

Bitcoin values surpassed $30,000 before stabilising over the $29,500 mark. This shift could be attributed to China’s lower July trade data, as well as a decline in the US 10-year Treasury yield. Solana, Shiba Inu, Hedera, and TonCoin have all gained Ethereum in the last 24 hours, with the price remaining between $1,800 and $1,900.

With a few exceptions, all of the biggest cryptocurrency tokens were trading higher on Wednesday. Shiba Inu and Solana both rose more than 5%, while Polygon gained 4%. XRP gained 3%, while Cardano, Polkadot, and Litecoin each gained 2%. Bitcoin Cash and Tron were among the losers, both losing approximately 1%.

The worldwide cryptocurrency market cap was trading much higher, reaching $1.19 trillion after increasing as much as 2% in the previous 24 hours. However, total trade volumes increased by roughly 13% to $36.67 billion.

The cryptocurrency market lost some of its gains on Friday as the biggest economy in the world’s inflation data alarmed speculators after a sharp rise the day before. The markets will probably be influenced by the US Federal Reserve’s monetary policies and the difficulties facing the cryptocurrency business.

On Thursday, Bitcoin briefly touched $25,000, its highest level in the previous six months, before falling below $24,000. According to Edul Patel, co-founder and CEO of Mudrex, this fall follows the publication of unexpectedly higher US Producer Price Index (PPI) data, implying that the US Feb failed to contain pricing hikes.

“Despite this loss, BTC has increased 73% since its low point in the previous month. Similar to Bitcoin, Ethereum has risen above $1,700 before tumbling back to $1,600. Following the release of the PPI statistics, investors are getting more anxious about inflation and monetary policies “said he.

In the previous 24 hours, the largest cryptocurrency token, Bitcoin, has fallen more than 3%, breaking below the $24,000 level. Even though the token’s price dropped 2%, its largest peer, Ethereum, was able to maintain a price over $1,650. That was painful for many alternative currencies.

All other top crypto tokens were trading in the red, with the exception of Polygon and stablecoins tied to the US dollar. In contrast to Dogecoin and BNB, which all increased by 4%, Solana, Tron, Avalanche, and Shiba Inu all experienced a 5% decline. The single rising altcoin, Polygoin, increased by more than 4%.

The market capitalization of all cryptocurrencies fell substantially in the recent day, falling as much as 3% to $1.09 trillion. Nonetheless, the overall trade volume increased by more than 13%, approaching $81.11 billion.

Crypto updates

One analyst claims that the unrest in the dollar-pegged cryptocurrency markets caused by the unstable future of the troubled stablecoin Binance USD might quickly lead to a drastic reorganisation of the sector’s major winners and losers.

According to research conducted by Binance Research, only a small portion of ether investors who staked their coins in Ethereum’s Beacon Chain over the course of the past three years are profitable, while the majority are losing money.

Some projects are delaying the launch of their tokens because of a lack of liquidity in the cryptocurrency market, despite rising prices for bitcoin and ether. This situation is known as the “Alameda gap.”

According to data from BTC.com, Bitcoin’s mining difficulty decreased by 0.5% in the two weeks leading up to Sunday after reaching a record high in the previous adjustment. The difficulty, which fluctuates about every two weeks, is an indicator of how much computer power is required to mine bitcoin blocks in order to receive Bitcoin rewards.

Quick Facts

Following a 4.68% increase in the prior adjustment on January 29, the mining difficulty reading for the most recent biweekly adjustment on Sunday came in at 39.16 trillion at block height 776,160.

The most recent reading for the difficulty of mining bitcoins was 46.7% higher than the previous reading from February 4 of last year, which was 26.69 trillion.

Bitcoin’s hashrate, a measure of computational power used by miners, was at around 315.9 exahashes per second on Sunday, slightly up from 311 exahashes on Jan. 29, BTC.com data showed.

According to data from CoinMarketCap, the price of Bitcoin dropped 0.3% over the previous day to trade at US$21,744 at 10:40 a.m. in Hong Kong, representing a loss of 5.34% over the previous seven days. Over the previous month, the greatest cryptocurrency by market capitalization increased 9.2%.

According to BitInfoCharts statistics, the profitability rate of Bitcoin mining was US$0.0729 per terahash per second in the last 24 hours, down from US$0.184 from a year ago.

Since November 2022, Ethereum (ETH), arguably the most popular crypto coin after Bitcoin (BTC), has managed to break through the $1,600 barrier. The global market cap, which had been on a downward trend, surpassed $1 trillion over the weekend. BTC has managed to stay within the $22,000 range. Other popular altcoins, such as Dogecoin (DOGE), Solana (SOL), and Ripple (XRP), experienced a mix of dips and gains. With a 24-hour gain of more than 44 percent, the Axie Infinity (AXS) token emerged as the biggest gainer of the bunch.

At the time of writing, the global crypto market cap was $1.04 trillion, representing a 0.69 percent 24-hour gain.

Bitcoin price today
According to CoinMarketCap, the price of bitcoin was $22,689.25 after a 0.28 percent drop in the previous 24 hours. BTC was trading at Rs 19.16 lakhs on the Indian exchange WazirX.

Ethereum price today
At the time of writing, the price of ETH was $1,632.57, representing a 0.66 percent 24-hour gain. According to WazirX, the current price of Ethereum in India is Rs 1.36 lakhs.

Dogecoin price today
According to CoinMarketCap data, DOGE gained 5.45 percent in a 24-hour period and is now trading at $0.08992. According to WazirX, the Dogecoin price in India is Rs 7.56.

Litecoin price today
Litecoin lost 0.42 percent in a 24-hour period. It was trading at $88.07 at the time of writing. In India, the price of LTC was Rs 7,356.07.

Ripple price today
The price of XRP was $0.4054, up 0.22 percent in 24 hours. According to WazirX, the current price of Ripple is Rs 34.16.

Solana price today
Solana was trading at $24.61, down 1.53 percent in 24 hours. According to WazirX, the SOL price in India was Rs 2,050.