This week has been challenging for cryptocurrency holders. Almost all of them sank – both the flagship Bitcoin and Ethereum and altcoins like Solana, XRP and Plkadot. The fall of most cryptocurrencies affected the capitalization of the entire market – it dropped to $ 2.65 trillion.
Over the week, Bitcoin sank by about 7.5%. At the same time, the pessimistic forecasts of some analysts that the main cryptocurrency of the world could fall in price to 52-53 thousand dollars did not come true. At the moment, for 1 BTC, they give about $ 59,500.
Ethereum suffered less – in a week its rate fell by about 4%. Binance Coin, XRP and Polkadot sank more significantly – by more than 9%, Cardano fell by 8%, and Dogecoin lost most of all in the top 10 – it had minus 13%. Interestingly, the following Avalanche gained 40% in a week! For one AVAX, they are now giving about $ 131. But this is a rare example of the growth of a cryptocurrency against a general red background.