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HomeDigit NewsBitcoin fell 6% and Ethereum fell 4%, but Terra and Avalanche gained...

Bitcoin fell 6% and Ethereum fell 4%, but Terra and Avalanche gained 20%. Results of the week on the cryptocurrency market


The ending week has turned out to be nervous for crypto investors. At first, everyone was waiting for the Fed’s rate decision, but when it was announced, uncertainty remained. On the one hand, the American regulator notes strong inflation, on the other hand, quantitative stimulus programs are gradually being phased out. As a result, investors adopted a wait-and-see attitude, so a relatively small, but still a minus is recorded during the week. It was 6%. The rate of the main cryptocurrency in the world is now hovering around the $ 47,000 mark.

The second most important cryptocurrency, Ethereum, is also losing, but a little less: in a week the minus was about 4%, the current rate is just over $ 3900.

Bitcoin fell 6% and Ethereum fell 4%, but Terra and Avalanche gained 20%.  Results of the week on the cryptocurrency market

Binance Coin and Cardano sagged significantly, XRP losses this week are at the Ethereum level. But there are two cryptocurrencies that showed very good growth against the background of the general decline: Terra and Avalanche added about 20%. Not surprisingly, they are currently ranked 9th and 10th in the top 10.

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But Dogecoin flew out of the top 10 – it is now only on the 12th place in the list of major cryptocurrencies in the world. Shiba Inu, which lost more than 16.5% in a week, is in 13th place.

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