đđWhich Altcoins Made the Most Gains and Losses This Week While Bitcoin and Ethereum Recovered? đđ
Bitcoin gives the impression that hard times are behind us. Over the course of the week, there was a steady recovery in Bitcoin.
This improvement was triggered by positive US inflation data and supportive statements by FED Chairman Jerome Powell. This situation increased the possibility of the FED making its first interest rate cut in September. While analysts generally state that the sharp declines may have ended, they predict a horizontal market until September and point to the post-September period for the rise.
In recent weeks, the greed index has risen to 80%, but with these declines it has fallen to 25 (extreme fear). Bitcoin's price increased by 4.6% on a weekly basis. Ethereum (ETH), the largest altcoin, showed a more positive performance than Bitcoin, recording a weekly increase of 6.4%.
The recovery in Bitcoin and Ethereum was also reflected in the altcoin market; While some altcoins gained value, others continued their downward trend.
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