Bitcoin managed to sustain its prive above $20,000, Ethereum's merge was confirmed for September under a 'soft schedule,' and Celsius filed for a Chapter 11 Bankruptcy.
Bitcoin Sustains $20K, Ethereum Merge on Track for September, Celsius Bankruptcy: This Week’s Crypto Recap
The total cryptocurrency market found itself once again below the $1 trillion mark after losing over $30 billion in the past seven days. However, on the bright side, BTC managed to sustain itself above $20K, while the Ethereum ecosystem also received some good news. This is when the bulls took control and have since recovered around 10%, pushing the price to where it currently sits at around $20,800. That said, Bitcoin’s dominance – the metric that gauges its share relative to that of the entire market – is down 1% in the past week, meaning that altcoins fared better in comparison. Ethereum, although down 1.2%, is up over 8% in the past 24 hours alone after another successful shadow fork took place, bringing the network a step closer to Ethereum 2.0.
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