Welcome back to our weekly recap, where we take a look at the movements of the top 10 cryptocurrencies in the market, along with checking the 10 tokens that performed the best during the week. Let’s begin:
Top 10 Cryptocurrencies - Market Value
1 - BTC: $9437.01, with a change of -0.29% since yesterday and -2.42% since last week.
2 - ETH: $237.51, with a change of -0.01% since yesterday and -1.89% since last week.
3 - USDT: $1, with a change of 0.02% since yesterday and 0.01% since last week.
4 - XRP: $0.1934, with a change of 0.16% since yesterday and -5.06% since last week.
5 - BCH: $240.4, with a change of -0.14% since yesterday and -5.07% since last week.
6 - BSV: $182.32, with a change of 0.02% since yesterday and -6.21% since last week.
7 - LTC: $44.87, with a change of 0.36% since yesterday and -4.04% since last week.
8 - BNB: $16.66, with a change of 0.12% since yesterday and -6.03% since last week.
9 - EOS: $2.59, with a change of -0.31% since yesterday and -7.43% since last week.
10 - ADA: $0.07827, with a change of -1.51% since yesterday and -9.21% since last week.
This week we saw an overall drop taking place on Thursday when the market loss nearly $20 billion. There are many theories on the causes for this sudden fall, but most are linking it to a massive sell-off experienced by stock markets after the statements of the U.S. Federal Reserve regarding the long time it would take for the economy to recover. This made BTC holders to sell their supply as a prevention of another panic-driven period like the one seen in March.
On the other hand, after the drop, the market seems to have recovered a bit. BTC is now trading slightly above the $9,400 line, 2% higher than its low point of the week, but the hopes of the crypto giant breaking the $10,000 and staying there long enough to push for a bullish run still exist. We will have to wait.
Top 10 Cryptocurrencies - Performance
1 - APIX: $0.1546, with a change of 128.36% since last week.
2 - DAC: $0.005476, with a change of 102.22% since last week.
3 - NIM: $0.002549, with a change of 88.26% since last week.
4 - LPT: $4.013, with a change of 88.58% since last week.
5 - IRIS: $0.0271, with a change of 86.77% since last week.
6 - QSP: $0.02427, with a change of 69.60% since last week.
7 - WIN: $0.000085, with a change of -2.37% since last week.
8 - AST: $0.06751, with a change of 43.33% since last week.
9 - KNC: $1.187, with a change of 55.84% since last week.
10 - CHR: $0.03484, with a change of 53.95% since last week.