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Crypto Predictive Analysis – Week of February 20, 2022

Crypto Predictive Analysis – Week of February 20, 2022

The cryptocurrency market volatility continues to escalate with the sector recording capital outflows led by large-cap digital assets like Bitcoin. The outflow in the capital has been led by Bitcoin which is trading below the $40,000 mark ($38,285 at press time) while Ethereum has corrected by over 10% in the last seven days. On a year-to-date basis, Bitcoin has lost 18% of its value. 

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Crypto Predictive Analysis – Week of February 6, 2022

Crypto Predictive Analysis – Week of February 6, 2022

Following a week of consolidation, bitcoin and ethereum prices both rallied past key resistance levels to start the weekend. Bitcoin moved beyond $40,000, with ethereum climbing over the $3,000 mark. According to Coinmarketcap, the total market capitalization of all cryptocurrencies is $1.9 trillion, representing a 7.76% gain over last week. 

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