It has been another week, but this one has been slow on the news unlike the past few ones. This allowed for the crypto market to move in a more predictable and understandable way, but let’s take a look:
Bitcoin: $11196, with a change of -5.27% from yesterday and -5.52% from last week.
Ethereum: $292.87, with a change of -1.13% from yesterday and -3.75% from last week.
XRP: $0.38099, with a change of -4.14% from yesterday and -7.21% from last week.
Litecoin: $119.44, with a change of -2.91% from yesterday and 0.82% from last week.
Bitcoin Cash: $403.23, with a change of -2.58% from yesterday and -4.27% from last week.
EOS: $5.806, with a change of -2.38% from yesterday and -2.12% from last week.
Binance Coin: $33.31, with a change of -0.91% from yesterday and -2.26% from last week.
Bitcoin SV: $199.79, with a change of -0.91% from yesterday and -7.03% from last week.
Tron: $0.032, with a change of -1.04% from yesterday and -2.44% from last week.
Cardano: $0.076, with a change of -3.46% from yesterday and -11.15% from last week.
Given the lack of market-shaking news this week (like the Facebook announcement and Binance eliminating US support were these last ones), we were able to see the whole market bounce down to recover from it’s huge climb. Many analyses are supporting this claim by looking at the drops sentiment in social media and trading volumes. However, this drops are not unusual and do not disrupt the long-term sentiment towards cryptocurrencies, they are just signs of a slow week in news.
In the top 10 cryptocurrencies, which currently make up nearly 90% of the whole market, we saw an average drop of 2.47% since yesterday and 4.49% since last week. It is being suggested that as long as BTC stays above the $10,000 psychological boundary, investors won’t be pressured to sell, keeping the whole market in healthy levels.