It’s time for another Weekly Recap, where we take a look at the top 10 cryptocurrencies in the market by their total worth and the 10 best performing token of last week, along with a quick rundown on the recent news related to crypto. Let’s go ahead:
Top 10 Cryptocurrencies - Market Value
1 - BTC: $6148.71, with a change of -3.67% since yesterday and -0.75% since last week.
2 - ETH: $126.94, with a change of -3.48% since yesterday and -4.36% since last week.
3 - XRP: $0.1744, with a change of 0.93% since yesterday and 10.24% since last week.
4 - USDT: $1.002, with a change of 0.00% since yesterday and 0.00% since last week.
5 - BCH: $208.88, with a change of -2.23% since yesterday and -5.01% since last week.
6 - BSV: $152.63, with a change of -6.62% since yesterday and -9.37% since last week.
7 - LTC: $37.87, with a change of -0.79% since yesterday and -1.33% since last week.
8 - EOS: $2.133, with a change of -2.82% since yesterday and -6.32% since last week.
9 - BNB: $12.03, with a change of -2.91% since yesterday and -0.66% since last week.
10 - XTZ: $1.553, with a change of -2.27% since yesterday and -6.45% since last week.
Another week went by, and as more and more countries and governments are taking stronger measures against the spread of COVID-19, cryptocurrency keeps spreading as an arguably-viable alternative for services like banking. However, given how strongly the health of the crypto market is affected by trading volumes, having more people storing tokens without transacting with them might become dangerous.
Earlier this week, we saw BTC climbing for nearly $500 shortly after the Federal Reserve revealed they would eliminate the cap of $700 billion they had set for asset purchases as an extraordinary measure to counter the effects of the pandemic on U.S. economy, and this growth was reflected in an increase in trading volume. However, BTC dropped again after a few days, and is now trading tightly around the $6,000 mark.
This kind of scenarios have high chances of repeating themselves in the following months, so the way users and investors handle their tokens will keep gaining importance as more people will (wrongly) think of cryptocurrency as a direct equivalent to their current bank accounts.
Top 10 Cryptocurrencies - Performance
1 - CTXC: $0.08294, with a change of 161.87% since last week.
2 - CVT: $0.01156, with a change of 152.13% since last week.
3 - AMP: $1.227, with a change of 85.43% since last week.
4 - SHIP: $0.006277, with a change of 77.77% since last week.
5 - LRC: $0.02617, with a change of 68.56% since last week.
6 - MTL: $0.34, with a change of 64.41% since last week.
7 - WTC: $0.2219, with a change of 57.67% since last week.
8 - DATA: $0.03871, with a change of 46.74% since last week.
9 - IXT: $0.004288, with a change of 45.15% since last week.
10 - MIN: $3.204, with a change of 42.41% since last week.