WMA: Bitcoin Drops Again and Altcoins Bleed as the SEC Targets BUSD
Get the weekly summary of crypto market Analysis , news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,028 trillion. Bitcoin is down by over 3% after a disappointing week. Ethereum decreased by almost 2% over the past seven days. XRP lost more than 1% in value this week. Almost all altcoins are trading in the red, with almost no exception. The DeFi sector decreased the total value of protocols (TVL) to around $48 billion. Crypto Trends 27 February – 05 March 2023: Market Analysis and Performance The crypto market had another disappointing week as the bulls did not bother to reenact January’s run. Most assets have dropped in value, albeit not by much, as the industry witnessed another fear-inducing SEC outburst. This time, the United States Securities and Exchange Commission (SEC) claimed Binance’s coin, BUSD, is an unregistered security. This affirmation pushed BUSD’s market cap on a slippery s...