Weekly Market Highlights #61: August 21 - August 27.
28 Aug 2023, 05:00
đWeekly Market Highlights #61: August 21 - August 27
â¨After last week's dump, the crypto market for the past 7 days has returned to a sideways state, but in part, that is also because there are few disruptive news that can bring volatility in the market.
â¨Over the past week, the crypto market decreased by ~$7B (from ~$1,060B to ~$1,053B) of its total capitalization.
â¨BTC Boring at $26K
â
After the drop from $29K last week, the price of BTC this week has almost no movement around the $26K area with low trading volume.
â
The preceding weekend passed uneventfully, with BTC maintaining its position around that mark. The beginning of the business week saw no significant changes, and BTC remained motionless.
â
A shift finally occurred on Wednesday, resulting in a dip of over $500. Yet, the bulls swiftly intervened, propelling the cryptocurrency northward. Thursday witnessed a more substantial price surge, propelling BTC to $26,8K.
â
However, BTC's advance halted, and it retraced to $26K, where it has remained for the past 48 hours.
â¨The Weekly Losses
â
Although there is usually great volatility, the Altcoins of the past week have run in a stable price range
â
PEPE is facing a substantial 20% drop. This occurred amid suspicious transfers and claims about the meme coin's creator earlier this week.
â
Unlike TONCOIN, which surged over 9% in week, most major-cap altcoins like XRP, ADA, ETH, SOL, DOGE, DOT, and BNB all have 1% - 3% price drops.
â
RUNE, APE, and XDC followed suit with losses of up to 17% in the past week.
â
BSCS is trading at $0,007442, 13,06% from its 7-day all-time low of $0,006582.
â
The total crypto market cap remains virtually unchanged from last week at ~$1,050B.
â¨Bitcoin Fear and Greed Index is 39 - Fear, higher than at the beginning of the week (38)
⨠Dominance:
â
BTC: 48.3%
â
ETH: 18.9%
đŁStay tuned! The Market's highlights will be updated by BSCStation đ
âď¸ BSCStation Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion | Youtube
Same news in other sources
2BSCStationBSCS #1679
28 Aug 2023, 05:02
đWeekly Market Highlights #61: August 21 - August 27
â¨After last week's dump, the crypto market for the past 7 days has returned to a sideways state, but in part, that is also because there are few disruptive news that can bring volatility in the market.
đMore infomation here:
#BSCStation #BSCS
Weekly Market Highlights #61: August 21 - August 27.
đWeekly Market Highlights #61: August 21 - August 27
â¨After last week's dump, the crypto market for the past 7 days has returned to a sideways state, but in part, that is also because there are few disruptive news that can bring volatility in the market.
đMore infomation here: https://t.co/gfiWGOiHfE
#BSCStation #BSCS
BSCStationBSCS #1679
28 Aug 2023, 05:00
đWeekly Market Highlights #61: August 21 - August 27
â¨After last week's dump, the crypto market for the past 7 days has returned to a sideways state, but in part, that is also because there are few disruptive news that can bring volatility in the market.
â¨Over the past week, the crypto market decreased by ~$7B (from ~$1,060B to ~$1,053B) of its total capitalization.
â¨BTC Boring at $26K
â
After the drop from $29K last week, the price of BTC this week has almost no movement around the $26K area with low trading volume.
â
The preceding weekend passed uneventfully, with BTC maintaining its position around that mark. The beginning of the business week saw no significant changes, and BTC remained motionless.
â
A shift finally occurred on Wednesday, resulting in a dip of over $500. Yet, the bulls swiftly intervened, propelling the cryptocurrency northward. Thursday witnessed a more substantial price surge, propelling BTC to $26,8K.
â
However, BTC's advance halted, and it retraced to $26K, where it has remained for the past 48 hours.
â¨The Weekly Losses
â
Although there is usually great volatility, the Altcoins of the past week have run in a stable price range
â
PEPE is facing a substantial 20% drop. This occurred amid suspicious transfers and claims about the meme coin's creator earlier this week.
â
Unlike TONCOIN, which surged over 9% in week, most major-cap altcoins like XRP, ADA, ETH, SOL, DOGE, DOT, and BNB all have 1% - 3% price drops.
â
RUNE, APE, and XDC followed suit with losses of up to 17% in the past week.
â
BSCS is trading at $0,007442, 13,06% from its 7-day all-time low of $0,006582.
â
The total crypto market cap remains virtually unchanged from last week at ~$1,050B.
â¨Bitcoin Fear and Greed Index is 39 - Fear, higher than at the beginning of the week (38)
⨠Dominance:
â
BTC: 48.3%
â
ETH: 18.9%
đŁStay tuned! The Market's highlights will be updated by BSCStation đ
âď¸ BSCStation Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion | Youtube
Weekly Market Highlights #61: August 21 - August 27.
đWeekly Market Highlights #61: August 21 - August 27
â¨After last week's dump, the crypto market for the past 7 days has returned to a sideways state, but in part, that is also because there are few disruptive news that can bring volatility in the market.
â¨Over the past week, the crypto market decreased by ~$7B (from ~$1,060B to ~$1,053B) of its total capitalization.
â¨BTC Boring at $26K
â
After the drop from $29K last week, the price of BTC this week has almost no movement around the $26K area with low trading volume.
â
The preceding weekend passed uneventfully, with BTC maintaining its position around that mark. The beginning of the business week saw no significant changes, and BTC remained motionless.
â
A shift finally occurred on Wednesday, resulting in a dip of over $500. Yet, the bulls swiftly intervened, propelling the cryptocurrency northward. Thursday witnessed a more substantial price surge, propelling BTC to $26,8K.
â
However, BTC's advance halted, and it retraced to $26K, where it has remained for the past 48 hours.
â¨The Weekly Losses
â
Although there is usually great volatility, the Altcoins of the past week have run in a stable price range
â
PEPE is facing a substantial 20% drop. This occurred amid suspicious transfers and claims about the meme coin's creator earlier this week.
â
Unlike TONCOIN, which surged over 9% in week, most major-cap altcoins like XRP, ADA, ETH, SOL, DOGE, DOT, and BNB all have 1% - 3% price drops.
â
RUNE, APE, and XDC followed suit with losses of up to 17% in the past week.
â
BSCS is trading at $0,007442, 13,06% from its 7-day all-time low of $0,006582.
â
The total crypto market cap remains virtually unchanged from last week at ~$1,050B.
â¨Bitcoin Fear and Greed Index is 39 - Fear, higher than at the beginning of the week (38)
⨠Dominance:
â
BTC: 48.3%
â
ETH: 18.9%
đŁStay tuned! The Market's highlights will be updated by BSCStation đ
âď¸ BSCStation Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion | Youtube