Cryptocurrency Price Analysis – week 2 (2021)
Last week, cryptocurrency prices were up despite Bitcoin price consolidating (down 6.3%) in a $35K-$40K range. BTC has formed an ascending triangle, which should resolve to the upside (breakout).
altcoins had a good week overall, with plenty of gains across the board, as evident in the cryptocurrency price performance analysis below:
DeFi TVL increases by 9% in one week and 61% YTD!
Decentralized Finance (DeFi) category continues to make headway in terms of adoption as Total Value Locked (TVL) reached new highs at around $25B (up 9% from prior week and up 61% YTD).
DeFi cryptocurrency prices performance also reflected the trends in TLV, as most DeFi coins were up for the week. YTD, DeFi category cryptocurrency prices are up over 60% (total DeFi market cap).
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Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice. There are risks associated with investing in cryptocurrencies. Loss of principal is possible.