The crypto market this week was in a swing movement after a whole weekend of being in red, most of the cryptos were able to pick up. On Monday 14th, about 79 of the top 100 increased in value including BTC, BCH, ETH, TRX, USDT, and XRP.
The next day showed a downward slide on the index curve with 88 of the top 100 cryptos recording loss within 24 hours. BTC which traded at a range above $3,650 the previous day went lower, trading at $3628.67, losing by almost 2 percent. BCH was the worst hit, going low by 7.36 percent at $123.15 trading price, followed by ETH which went low by $6.27 percent, trading at $120.97. XRP and TRX also traded low.
The price curve this week was a swing low swing high kind of movement, after being in red condition on 15th the market picked up again seeing majority out of the top 20 in green.
Majority of the top ten which includes BTC, ETH, XRP, BCH, TRX, and USDT grew by over 4%. BCH which had the highest percentage of loss the previous day went up by 6.64 percent, BTC increased by .79% against -1.82% previous loss, ETH and the other three were also in green.
Bitcoin’s trading volume increased from around $4.3 billion to $5 billion, the reason being that so many dormant wallets were reactivated during the week. The big three being BTC, ETH and XRP all grew accordingly.
The curve again took a downward movement as prices went down between 17th and 18th with only a few cryptos showing green sign. Prices picked up towards the end of the day on 18th through 19th which saw the majority of the cryptos in green again.
Saturday 19th showed better performance, with 92 out of the 100 in green. BTC traded at $3,743 growing at over 5 percent in 24 hours with a market cap of $65.4 billion.
Ripple’s XRP was at $0.330 trade, growing at 1.14% in 24 hours with market cap reaching $13.5 billion. ETH traded at $124 growing 2.53 percent, the market cap was $13 million, BCH, and TRX traded at $130 and $0.024 respectively with 1 percent and 2 percent growth. But it was a bad day for Tether which was among the cryptos that went into the red, trading at $1 losing only 0.01 percent, the market cap went down to $2 billion.
This analysis shows that ETH, BTC, XRP maintained a steady flow than the other three.
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