$9,598.12
-0.1%
$256.79
-1.55%
$0.269975
-2.57%
$10+ Billion Market Drop Recovered - Weekly Crypto Recap
BTC
-0.1%
ETH
-1.55%
XRP
-2.57%
3M agocoincodex
bullish:
4
bearish:
4

The crypto market improved this week and fluctuated around $200B for the majority of the seven day period. However, the week got off to a bad start and the total valuation stood at around $190B early on Monday. Approximately $10B in value was lost in just a few hours as the total cap fell to $180B during the early morning, and things improved over the day as the market picked up by 8.3% with Monday ending with the total cap at $195B. The market then moved within a $2B range until Wednesday when it dipped to $190B briefly before climbing by 7.8% and hitting $205B during the evening. After a brief downturn on Thursday, things improved on Friday as the market climbed to $210B only to pull back over the weekend. After losing $5B in value over Saturday the market continued to lose value and is currently fluctuating around the $200B mark as the week comes to an end.

Trading Volume Peaked at $99 Billion

The daily trading volume peaked at $99B on Monday and retraced over the week. The 24-hour daily trading volume currently stands at $60B while the total market valuation stands at $200B. 

The coins in the top ten experienced mixed results although the majority made marginal moves. Bitcoin and Ethereum grew by around 3% in value, EOS grew by over 10% in value and was followed by Litecoin which improved by around 4%. XRP was the biggest loser as it dropped by 2% followed by XLM and BNB that last around 1.5% in the past week.

Top 10 Crypto Coins Recap

Among the top 100, Karatgold Coin was with over 100% price gain the top gainer this week followed by Golem and Matic Network that grew by 68%. Golem team recently announced that Portal Network's KAIZEN has successfully integrated Golem ad Matic price has shown improvement after the team announced their new network staking updates.

Among the top losers were Energi, Digitex Futures, and Seele that dropped over 20% in value.

Crypto Gainers & Losers

Bitcoin Bounced Back Above $7,000

 began the week trading at around $7,000 and dipped to $6,600 during the early hours of Monday. However, the price picked up by 8.1% over Monday and the day ended with BTC trading at $7,135. From here, the price of BTC moved within a $200 range until Wednesday morning when it dropped to $6,900 before climbing by 9.8% to reach $7,580 later in the day. The price then moved within a $100 range until Friday when it moved to $7,770, before pulling back over the weekend. BTC lost around $200 on Saturday and retraced further during the early hours of Sunday.

Bitcoin’s daily trading volume stood at around $32B on Monday and retraced over the week. The 24-hour trading volume currently stands at $20.2B while BTC is trading at $7,355 and retains a market cap of $132B. Bitcoin also enjoys a dominance of 65.3%.

Ethereum Failed to Hold $150 Resistance

 opened up the week trading at around $142 and dropped to $133 during the early hours of Monday. This represented a loss of 6.3% and ETH went on to recover over the day and climbed by 9.7% to close out Monday trading at $146. Similar to Bitcoin, the price stayed relatively stable until Wednesday when ETH dipped to $142 before climbing by % to hit $154 during the evening. Outside of a couple of brief dips, ETH generally moved within a $3 range until the weekend, and the price fell back to around $151 on Saturday before dropping below $150 on Sunday. 

Ethereum’s daily trading peaked at $9.9B on Monday and pulled back over the week and the 24-hour trading volume currently stands at $5.6B, while ETH is trading at $147 and retains a market cap of $16B.

3M agocoincodex
bullish:
4
bearish:
4