The worldwide financial market has seen considerable changes in behaviour, all thanks to Reddit proving its influence over the stock market through significant GME long positions.

Price dips were well expected following the recent bull run, but many trading analysts are pointing out that most popular cryptocurrencies are positioned in the accumulation phase, prior to another price boost.

The cryptocurrency market has seen a rapid dip following the previously-attained records. Despite having the market cap surpass $1 trillion, over $150 billion were quickly wiped off due to an unexpected flash crash. Since then, however, cryptocurrency prices have managed to recover.

During this week, the cryptocurrency market has continued its unstoppable bull run, with most coins growing in value. As expected, bitcoin remains the all-around champion, as the coin has surpassed the $40K mark.

During this week of the year, bitcoin’s massive bull run continued, concluding in a new all-time high. With this in mind, bitcoin saw a price peak of $29,509, considerably higher when compared to the high attained during the previous week, estimated at $24,463.

During this week of the year, the cryptocurrency market has seen an abrupt price drop after the recent bull run. However, most coins were quick to recover to their previous values and altcoin prices are rapidly growing at press time.

WorldCoinIndex Derivatives Report 2020 – Week 51. During this week of this year, bitcoin has faced a massive rally as part of its recent bull run.

We’ve seen the prices near the $20K threshold, but bitcoin has dropped to $17,764 at press time. As always, a quick price drops encourage panic selling, thereby leading the price even lower.

While the price is not increasing at this time, it did manage to break the previous all-time high, after surpassing a price point of $19,895. Although some news outlets reported a previous ATH of $20,000, bitcoin has traded at this rate on very few exchanges, which is why the common consensus suggests that bitcoin has just reached a new record.

WorldCoinIndex Derivatives Report 2020 Week 48. During this week of this year, the cryptocurrency market has once again shown us that negative price volatility can occur at any moment whatsoever, especially after considerable bull runs. With this in mind, most cryptocurrencies are currently in the red and bitcoin is no exception.