Weekly Market Highlights #22: November 21 - November 27.
28 Nov 2022, 12:00
Weekly Market Highlights #22: November 21 - November 27
✨The Crypto Market has not experienced any more intense price movements as major coins are still looking for stability after what happened in the previous weeks.
✨Over the past week, the crypto market increased ~$22B (from ~$797B to ~$819B) of its total capitalization
✨Bitcoin stays calm above $16K
✅The primary cryptocurrency had a lousy working week, dropping to a two-year low of around $15,5K. However, the bulls stepped up at this point and didn't allow further declines.
✅They helped BTC reclaim $16K and pushed it to almost $17K a few days later, but the asset failed at that point
✅The lack of substantial trading volumes during the weekend didn't help. Bitcoin came back to a familiar sight at ~$16,5K and froze there.
✨Most altcoins outperformed bitcoin in the past few days, but that has changed for some.
✅BSCS is currently trading at ~$0,009405: +6,55% from its 7-day all-time low of $0,008827.
✅BNB was among the best performers lately, charting a three-week high on Saturday. However, BNB has declined by 6% and has slipped below $300.
✅LTC saw a six-month peak last week, but a 6.5% daily decrease has pushed it to $72. Among the poorest performers since the FTX fiasco unfolded, SOL is down by 6% on the day and trades well below $14.
✅ETH has lost the $1,2K line after a 3.5% decline. XRP, DOGE, ADA, MATIC, DOT, and SHIB are also in the red, with losses of up to 5% on the day.
✨Bitcoin Fear and Greed Index is 28 - Fear, higher than at the beginning of the week (21)
✨Dominance:
✅BTC: 38.1%
✅ETH: 17.5%
👉More details HERE
📣Stay tuned! The market's highlights will be updated by BSCStation 😎
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