MARKET ANALYSIS – Bitcoin Trading Flat Around $19,000, Ethereum Back Above $1,300
Cryptocurrency markets back in the green during the weekend after a slow fall during the week, as the overall flat trading behavior continue.
Bitcoin (BTC) continue to trading flat for the past week, failing to overcome the $19,000 threshold after dipping below $18,800 before bouncing off again on the weekend, following the U.S. dollar continuing to strengthen.
The world's largest cryptocurrency stood just above $19,000, continuing to show a flat trading behavior in line with the recent trend. Over the week, BTC Price slowly fell to a weekly low of $18,779 on Friday after recovering to $19,633 during the weekend. Today, BTC price is $19,314.42, a change of 0.78% over the past 24 hours and of 0.22% over the last 7 days. The recent price action in Bitcoin left the tokens market capitalization at $370,328,199,552.30. So far this year, Bitcoin records a change of -58.18%. Bitcoin’s dominance is currently 39.89%, a decrease of 1.37% over the day.
Ethereum and altcoins also went through similar price movements, but most are slightly in the green on a weekly scale. The second largest cryptocurrency by market cap has climbed above the $1,300 level after felling to a weekly low of $1,260 on Friday. Today, the Ethereum price is $1,336.84, a change of 1.99% over the past 24 hours and a 2.05% gain in the last 7 days. The recent price action in Ethereum left the tokens market capitalization at $159,884,739,897.04. So far this year, Ethereum records a change of -63.69%.
Best altcoins this week are Klaytn KLAY (+25.66%), Toncoin TON (+15.40%) and Huobi Token HT (+14.65%), with Polygon MATIC also in evidence at 8.57%. Among the worst performers, Axie Infinity AXS (-21.80%), Quant QNT (-16.71%) and Terra Classic LUNC (-13.17%).
The global crypto market cap is $929.13B, a 4.20% increase over the last day.