Weekly Crypto Price Analysis: BTC, ETH, XRP, BNB, and SOL

The Weekly crypto price analysis indicates the entire cryptocurrency market has seen a minor pullback from the recent rally, with most coins trading around their resistance points. Bitcoin price was able to stay above $26,000 for most of the days this week as the coin continued to rebound from its previous high.

Timeline of Bnb, Bitcoin, Ethereum, Solana, Xrp

The value of Bitcoin (BTC) has been rising in 2023, with the asset targeting new levels despite the prevailing impact of the banking crisis. With recent gains, the future price of Bitcoin is in focus, as investors monitor whether the gains will hold.

A prominent crypto influencer is doubling down on his belief that Bitcoin (BTC) continues to serve as an inflation hedge even after its deep correction last year. In a lengthy thread, Bitcoin bull Anthony Pompliano explains to his 1.

Amid the ongoing recovery in the crypto market, the Bitcoin price has witnessed an upright rally and breached the resistance trendline of a two-month-long bullish pattern, called megaphone. This breakout should accelerate the buying pressure in the market and bolster buyers for a further price rally to the $30000 mark.

Bitcoin market dominance has hit a 9-month high as the leading coin continues to make positive gains in the financial markets. According to data from CoinMarketCap, Bitcoin currently holds 45% of the total trading volumes in the crypto market.

Over the last few days, the Ethereum NFT market has taken a massive hit, as Bitcoin inscriptions took over. Ethereum-based NFTs such as BAYC and MAYC were severely affected as attention towards inscriptions increased.

Solana (SOL) is one of the most popular cryptocurrencies in the market, known for its fast transaction speeds and low fees. The platform has been gaining popularity in recent months, with investors flocking to it as an alternative to Ethereum.

2023 has led to several opposing thoughts when it comes to bitcoin, the world's number one digital currency by market capitalization. Bitcoin Could Have a Very Good Year For some, the asset could go as high as $250,000.

Ripple's native token XRP, at press time, was the sixth-largest cryptocurrency in the world. It was created in 2012 to enhance global financial transfers and the exchange of various currencies.

BNB, or Binance Coin, is a digital currency launched by the world's largest crypto exchange, Binance, in 2017. The launch of BNB was made possible through an Initial Coin Offering (ICO), which took place from June 26th to July 3rd, 2017.

Ethereum price's meteoric rise was abruptly interrupted Saturday as a sizable amount of the digital asset was transferred to Binance exchange.  The transfer, which occurred at 1:30 AM Eastern Time, sent shockwaves through the market and raised concerns of a potential sell-off, causing ETH to lose a significant portion of its market value.