Among other things that happened last week, Ethereum Classic underwent its fourth halving, Notcoin’s value increased by 3000% in a week and its ATH was updated, and a former FTX top manager was given a prison sentence of 7.5 years.
Once again, the price of Bitcoin hit $68,000.
On Monday, the first cryptocurrency hit $68,000. Digital gold fell on May 27 after failing to break through the $70,000 level.
The price of Bitcoin fell below $68,000 on May 28th, but it rose back above that mark on May 30th. The initial cryptocurrency experienced a correction the following day.
Bitcoin is currently trading at $68,100.
At the end of the week, every digital asset in the top ten by market cap was in the “red zone.” Two of the worst hit coins were XRP (-3.3% loss) and Dogecoin (-6.4% loss).
There are $2.68 trillion worth of cryptocurrencies in circulation. Here is the Bitcoin dominance index: 54.2%.
Ethereum Classic saw its fourth halving.
The Ethereum Classic network underwent a halving on May 31st, at a height of #20,000,001. The incentive for completing a block has been lowered to 2,048 ETC.
The goal is to reach a total supply of 210.7 million ETC, and every two years, there is a programmed event that reduces the reward by 20%. The blockchain has undergone four splits since 2017. The coin’s price remained relatively static. Tokens lost around 1% following the halving. According to CoinGecko, the cryptocurrency’s value has dropped 7.4 percent in the last seven days.
The price of Notcoin updated its all-time high and surged 300 percent in only one week.
Notcoin (NOT) prices reached a new record high of more than $0.021 on Sunday, June 2. The gaming token’s price has increased by 317% in the last seven days, as reported by CoinGecko.
Listings for NOT were made on the major cryptocurrency exchanges on May 16th. The token price peaked at $0.012 shortly after trading began and then started to fall. The price of NOT bounced back to $0.012 on May 30 after having fallen to $0.009 on May 28.