Discover Accurate Weekly Crypto Market Updates| 27 May 2024

The crypto market has continued its bully rally over the last week, with top cryptocurrencies such as Bitcoin and Ethereum experiencing massive gains by breaking above important resistance levels.

The events of the previous week sparked with bombarding positive sentiments in the cryptocurrency sector, and we’re excited to see what this month has in store. Before you begin, check out our Weekly Crypto Market Updates.

According to CoinMarketCap, the current market cap is ₹209.43 Trillion on 27 May. Meanwhile, in the past few months, even the top-performing coins were seen as moving bullish and were trying to continue their current market trend.

As of the past week, Bitcoin is priced at ₹5,718,332.01, reflecting a 0.21% fall within the last 24 hours with a marginal surge of 1.75% over 7 days. Talking about Ethereum, ETH is currently valued at ₹325,410.22, showing a 4.10% surge in the past 24 hours, with a ground-breaking jump of 25.03% over 7 days. Know more on Suncrypto Price Explorer…..

Top trending coins of our weekly crypto market updates.

In the past week, three cryptocurrencies have remained the talk of the town because of some recent developments related to these cryptocurrencies: Uniswap (UNI), Lido DAO (LDO), and Arbitrum (ARB). 

In the past week, the price of Uniswap (UNI) showed a 41.15% jump. However, the token experienced a marginal fall of 1.34% in the past 24 hours. The token is currently trading at the price of ₹926.22.

Talking about Lido DAO (LDO), the token illustrated a 50.46% spike as compared to other major cryptocurrencies. Furthermore, LDO has also shown a 7.64% jump in the past 24 hours, trading at a price range of ₹216.74.

In addition, the Arbitrum (ARB) token jumped by 27.93% in the last 7 days. Moreover, in the past 24 hours, the token also surged by more than 5.69%. In addition, the price of the ARB token is trading at ₹104.81. 

Read weekly crypto market updates to know about Top Crypto Gainers & Losers 

The past week remains one of the most stress-reducing weeks for the crypto market in 2024. So, let’s have a look at some of the top crypto gainers and losers from the past week:

Crypto-Market-Updates

How the Crypto Market Became Bullish? Know more on weekly crypto market updates.

The cryptocurrency market has skyrocketed in the recent week after the US Securities and Exchange Commission approved the 19b-4 application of eight Spot Ethereum ETF providers. This discovery sparked widespread market optimism, resulting in a large price increase for all Ethereum ecosystem coins. 

Furthermore, the industry is presently awaiting S-1 application clearance from the US SEC, which may take weeks or months. This approval will enable the institutions to begin trading their respected Spot Ethereum ETFs. Once this is done, the broader crypto market will see a tremendous bull run, perhaps allowing Ethereum to reach a new all-time high. 

Trending News From the Last Week only on weekly crypto market updates

▪️ Solana intends to deploy a full version of the Firedancer upgrade in 2025, with “pared-down versions” available before then. The patch intends to improve Solana’s general stability and scalability as network traffic from decentralized infrastructure protocols grows. 

▪️ VanEck, an asset management, was eager to celebrate its freshly approved Ethereum exchange-traded fund (ETF) with an arty 37-second advertisement inviting viewers to “Enter the ether.”

▪️ Craig Wright’s unsuccessful legal attempt to establish his identity as Satoshi Nakamoto, the protocol’s pseudonymous developer, resulted in the reupload of the Bitcoin white paper to the Bitcoin.org website.

SunCrypto Views with weekly crypto market updates

The recent bullish trend in the cryptocurrency market demonstrates its dynamic evolution, which has included substantial profits and improved investor confidence. This development reflects optimistic institutional interest and technological advancements.

Despite these growing developments, the market’s intrinsic volatility persists. To navigate potential risks, investors should exercise caution, perform extensive research, and apply a variety of tactics. While the recent bullish trend is encouraging, it’s critical to approach the cryptocurrency market with care and a long-term mindset.

For more crypto-related content like Crypto Highlights of the Week, informational blogs, and crypto news, check out Suncrypto Academy.

 

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. All content provided is for informational purposes only, and shall not be relied upon as financial/investment advice. Opinions shared, if any, are only shared for information and education purposes. Although the best efforts have been made to ensure all information is accurate and up to date, occasionally unintended errors or misprints may occur. We recommend you do your own research or consult an expert before making any investment decision. You may write to us at [email protected].

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