It’t time for another weekly recap! Let’s take a look at the 10 cryptocurrencies with the highest market capitalization, since they represent the vast majority of the entire market, along with the 10 tokens that performed the best in the last week:
Top 10 Cryptocurrencies - Market Value
1 - BTC: $6825.94, with a change of -0.74% since yesterday and -0.73% since last week.
2 - ETH: $156.54, with a change of -1.00% since yesterday and 8.34% since last week.
3 - XRP: $0.1869, with a change of -0.48% since yesterday and 2.92% since last week.
4 - USDT: $1.001, with a change of -0.10% since yesterday and -0.10% since last week.
5 - BCH: $229.15, with a change of -1.67% since yesterday and -3.80% since last week.
6 - BSV: $183.72, with a change of -1.49% since yesterday and 2.40% since last week.
7 - LTC: $42.18, with a change of -0.31% since yesterday and 3.31% since last week.
8 - EOS: $2.473, with a change of -0.84% since yesterday and 4.61% since last week.
9 - BNB: $13.68, with a change of -0.29% since yesterday and -34.86% since last week.
10 - XTZ: $1.954, with a change of 2.25% since yesterday and 14.94% since last week.
As you can se by the plots, despite the signs of posible recovery seen by the steady climb of last week and the fast rise seen between Monday and Tuesday, cryptocurrency experienced a big drop on the 10th, coming back to the levels seen at the end of last week, with BTC breaking the lower resistance of $6,900 and the market losing nearly $10 billion in two days.
Some analysts are linking this behavior to fear related to the stability of the market, which mirrors the recent state of traditional stock markets. They are also predicting a further drop towards the $6,300 mark, with Michaël van de Poppe having predicted the token dwelling in the lower $6,000s after a spike of liquidity. We will take a look at these speculation on next week’s recap.
Top 10 Cryptocurrencies - Performance
1 - BETR: $0.001129, with a change of 208.81% since last week.
2 - CND: $0.003685, with a change of 7.18% since last week.
3 - CVNT: $0.005769, with a change of 77.62% since last week.
4 - AAC: $0.001501, with a change of -0.79% since last week.
5 - CHZ: $0.006278, with a change of -7.77% since last week.
6 - AEON: $0.1978, with a change of 84.51% since last week.
7 - MITX: $0.004454, with a change of 73.17% since last week.
8 - DREAM: $0.04627, with a change of 81.38% since last week.
9 - BMC: $0.08092, with a change of 52.19% since last week.
10 - CVT: $0.02819, with a change of 29.73% since last week.