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Cryptocurrencies:  6,269Markets:  24,788Market Cap:  $356,660,391,30424h Vol:  $76,435,583,852BTC Dominance:  60.5%
Market Cap:  $356,660,391,30424h Vol:  $76,435,583,852BTC Dominance:  60.5%Cryptocurrencies:  6,269Markets:  24,788

Crypto Tidbits: Bitcoin Explodes Past $11k, Ethereum 2.0 Nears, Cardano’s Shelley Launches

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Crypto Tidbits: Bitcoin Explodes Past $11k, Ethereum 2.0 Nears, Cardano’s Shelley Launches

NewsBTC1 week ago
Published on August 01, 2020 04:00 GMT+0edited on August 01, 2020 06:21 GMT+0

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Another week, another round of Crypto Tidbits.

It’s been an explosive week for the Bitcoin and crypto market, to say the very least. Bitcoin surged from under $10,000 to as high as $11,500 this week. Over the past seven days, the asset has gained approximately 20% — the best weekly performance in many months.

Chart of BTC's price action over the past two weeks from TradingView.com

Bitcoin’s recent price action comes as a breath of fresh air for crypto traders, which had to deal with BTC flatlining in the $9,000s for around two and a half months. The leading crypto asset is attempting to pass the local highs of $11,500 as this article is being written.

Despite the strength of the breakout, Bitcoin’s macro volatility indicators remain at historically low levels. This may …