Another week has passed, which means it is time for our weekly recap, where we analyze the recent news regarding the cryptocurrency market and how their effects are reflected in the top 10 tokens by market capitalization, along with the 10 tokens that experienced the largest growth in the past seven days. Let’s take a look:
Top 10 Cryptocurrencies - Market Value
1 - BTC: $7556.45, with a change of 0.63% since yesterday and 4.02% since last week.
2 - ETH: $193.94, with a change of 3.32% since yesterday and 3.26% since last week.
3 - XRP: $0.1945, with a change of 0.73% since yesterday and -0.66% since last week.
4 - USDT: $1.001, with a change of 0.00% since yesterday and -0.10% since last week.
5 - BCH: $238.72, with a change of 0.31% since yesterday and -2.10% since last week.
6 - BSV: $195.17, with a change of 0.89% since yesterday and -3.85% since last week.
7 - LTC: $44.55, with a change of 0.04% since yesterday and 0.79% since last week.
8 - EOS: $2.709, with a change of 0.00% since yesterday and -0.88% since last week.
9 - BNB: $16.23, with a change of 1.88% since yesterday and -2.35% since last week.
10 - XTZ: $2.842, with a change of 4.56% since yesterday and 21.82% since last week.
A week of positives is coming to an end, at least for the cryptocurrency market. We told last week that indicators predicted a short-term bullish run, and those theories came to be true, with the overall market raising by another $10 billion (second week in a row) and tokens like BTC, ETH and XRP breaking their upper resistance levels, as the biggest cryptocurrency in the world has traded steadily around the $7,500 mark for the past few days.
Some are linking this behavior to the negatives reached by traditional economies, with stock markets and oil prices going even further down due to the low consumption generated by the quarantine measures taken to control the spread of COVID-19. This, combined with the occurrence of what some call a “bullish divergence’ might have generated the climb we see in the early hours of the 23rd. The main focus right now should be to wonder if this levels will remain steady, or new trends will appear to drive prices up or bounce them back down.
Top 10 Cryptocurrencies - Performance
1 - HSR: $1.069, with a change of 423.75% since last week.
2 - HIVE: $0.5293, with a change of 303.12% since last week.
3 - TPAY: $0.1332, with a change of 248.60% since last week.
4 - AKRO: $0.002569, with a change of 231.00% since last week.
5 - DACS: $0.002267, with a change of 140.06% since last week.
6 - TEL: $0.0002267, with a change of 136.02% since last week.
7 - BANCA: $0.00004666, with a change of 125.85% since last week.
8 - AAC: $0.002267, with a change of 109.06% since last week.
9 - XRC: $3.526, with a change of 103.35% since last week.
10 - GUP: $0.001889, with a change of 93.05% since last week.