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While Bitcoin is practically at a standstill, Cardano has risen in price by 16%, and Polkadot – by 10%. The results of the week in the cryptocurrency market


The outgoing week was not as dramatic for the cryptocurrency market as the previous one: the situation in Kazakhstan is stabilizing, and passions regarding the Fed’s report, which spoke of an acceleration in raising the key rate, subsided. As a result, many cryptocurrencies have grown this week.

Formally, Bitcoin has an increase, but in seven days it amounted to only a little more than one percent. Ethereum added more, about 4 percent. But Cardano has become the leader of growth from the top 10 – it has risen in price by more than 16% in seven days. Binance Coin (13%), Terra (almost 15%) and Polkadot (about 10%) also added noticeably.

While Bitcoin is practically at a standstill, Cardano has risen in price by 16%, and Polkadot - by 10%.  The results of the week in the cryptocurrency market

There is also growth outside the top 10. Tesla announced this week that it is starting to accept Dogecoin as a means of payment for various branded accessories. This pushed the quotes of the cryptocurrency: it added about 15% in a week. At the moment, Dogecoin is on the 11th place of the main cryptocurrencies in the world.

Over the past 24 hours, the capitalization of the cryptocurrency market has decreased by about 1%, to $2.07 trillion. In the market structure, the dominant role is still assigned to Bitcoin: its share is 39.3%, the share of Ethereum is 19.2%.

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