Last week, the crypto market was engulfed by a wave of bearish trends as the prices of top assets dropped. Bitcoin (BTC), for instance, fell below the $110,000 threshold to a market price of $108,500 during the week.

This week, the market has experienced a moderate turnaround from its downtrend, with prices rebounding. According to the latest weekly report from crypto exchange Bitfinex, the cryptocurrency market is currently consolidating rather than capitulating. For this reason, the market has remained relatively stable compared to its movement from the past week.

Last week, the crypto market was engulfed by a wave of bearish trends as the prices of top assets dropped. Bitcoin (BTC), for instance, fell below the $110,000 threshold to a market price of $108,500 during the week.

This week, the market has experienced a moderate turnaround from its downtrend, with prices rebounding. According to the latest weekly report from crypto exchange Bitfinex, the cryptocurrency market is currently consolidating rather than capitulating. For this reason, the market has remained relatively stable compared to its movement from the past week.