The original coin in the market has seen new depths in the recent past, this worried the crypto community and critics were sure of the bubble to burst. It looked like Bitcoin was on an exploration to see the end of the bottomless pit. Bitcoin was looking for a steady platform to launch from and the past week gave the coin a reasonable push to start the climb back to the throne. Everyday fluctuations came to an end and after the middle day spike in the graph, the coin started to enjoy the journey upward.
The coin started the week with a reasonable market cap and price, the market cap of the king coin was at $57,706,692,299 and price of the coin was at $3,312.32. The crypto community was hoping for the week to be a stable one keeping the approaching holidays in mind, but that was not what happened in the following days of the week. The coin still under the influence of everyday fluctuations had a sharp curve downwards; it caused the market cap to reach $55,867,746,663 and price of the coin also plunged to $3,206.54. Experts predicted that if this trend continued then the coin can even go as low as $1000. Thanks to the everyday fluctuations, the coin had a sharp increase in the following hours of the day and that helped the coin to reach a decent price and market cap. When the day was coming to an end the coin had a market cap of $55,816,303,079 and price of the coin was at $3,203.29.
The following day was one of the better days the coin witnessed, Bitcoin was indicating the positive days of the week to come. Initial hours of the day saw Bitcoin travelling in a stabilized path and after a sudden, in the morning hours, the coin started to climb back up. The sudden spike helped the coin to reach a market cap of $57,047,008,712 and price of the coin was at $3,273.82. That was the point from where the coin started to climb, during the midday of the day the coin witnessed some more spikes and this helped the coin to travel in an upward projector. As the day was coming to an end the coin witnessed a market cap of $56,906,037,475 and price of the coin was hovering around $3,265.55. The price of the coin was low from the point when it started but the endurance showed by the coin was much better than the previous days.
This was the day that changed the course of the entire week, the coin got a steady platform to project further into the upward curve if you have seen the graph it will be evident that the coin was in a dormant phase from till the evening hours. The day started with a market cap of $56,896,718,454 and price of the coin was at $3,265.02. Bitcoin maintained a stable graph for most of the day; there were no sudden moments witnessed by the market. Calm before storm, evening hours of the day saw a sudden spike in the graph, this helped the coin to reach a market cap of $60,128,402,780 and price of the coin was hovering around 3,450.21. From then on the coin continued the climb; the graph had a steady line of improvement and when the day ended the market cap of the coin was at $61,891,673,213 and price of the coin was at $3,551.29. The following days of the week witnessed the emerging king on the way back to the throne.
Spiking graphs, hoping crypto community, emerging King, all these factors made the crypto market a totally engaging one this week. After witnessing a sharp spike a couple of times on the previous day, the crypto community was hoping for the day to be miraculous, and it turned out to be one of the better days. The coin had an increased reasonable stable day, there were fluctuations in the day but all the fluctuations were negligible. The coin reached the highest point in the initial hours of the day, market cap climbed to $ 62,683,864,401 and price of the coin was hovering at $3,596.70. After that point, the coin had a little bumpy ride. The evening hours of the day witnessed the coin reaching the lowest point, market cap of the coin during the drop was $60,778,307,921 and price of the coin was at $3,487.17. But it only lasted for a couple of hours and as the day was getting to an end the coin showed some significant signs of improvement. A spike just before the day was coming to an end helped the market cap to reach $62,642,298,104 and price of the coin was at $3,594.03.
Following the previous day’s spike towards the end, Bitcoin showed some promising signs for the following days to come. When compared with the previous day, Bitcoin showed a continuous increase in the graph. $61,692,083,073 was the market cap when the day started and it was the lowest point of the day where the price was hovering around $3,500 mark. Bitcoin graph for the day exhibited tremendous growth; the coin was racing towards the top. Just as the day was about to get over the coin witnessed a last-minute spike that increased the market cap and price of the coin. Bitcoin had a market cap of $67,099,053,503 and price was at $3,849.30. As the day came to an end the coin was inching towards $4000 mark, which was a good sign for the crypto community.
As the coin was nearing the $4000 mark, the market was looking good for the last two days to come. The approaching holidays helped the coin to soar after the midday on Bitcoin witnessed a jump in the graph, the spike helped the coin to reach a market cap of $70,268,915,935 and price of the coin also increased to $4,030.92. This provided the comfort for the coin to move upwards. Bitcoin helped the market to follow the pattern and thus this can be a much-needed break for the crypto market to reach a stable platform.
As the King coin started its uphill climb, other Altcoins also followed. This can be the much-needed break for the crypto community, with market producing positive results; the holidays may help in gaining some momentum for the season after it. Hopes of crypto community rides with the king, can the market be bought back to its glory days.