Hi Readers, welcome to cryptocurrency price analysis for the week. Do not forget to check movers and shakers for this week at the last of the article.
CThe prices hit a high point of USD 4,113.50 and the lowest point of USD 3,934.03 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, BitMex (6.13%), CoinBene (2.47%) and OEX (2.27%)
Among prominent news around Bitcoin, Emmanuel Goh, a former JPMorgan Chase derivatives trader and founder of crypto data firm Skew, told MarketWatch that daily volume in the crypto options market has doubled since the beginning of the year.
Ethereum on the top, this week was at USD 142.55 and were at lows of USD 133.49. The markets that were more active, in volumes, with ETH across various pairs this week were Coineal (3.04%), Bibox (2.86%) and DOBI Exchange (2.80%)
Among news surrounding Ethereum this week that Ikigai crypto hedge fund founder Travis Kling said, “Owning Ethereum today is a call option on what you think the network is going to be in the future. To the extent that Ethereum competitor projects get traction with developers, with users, with DApps built on top of the platform, that will be viewed by the market as being detrimental to the overall value of Ethereum, and that can have a negative price impact on Ether.”
On the top, this week the prices of XRP were at USD 0.312453 and towards the bottom, it quoted USD 0.298987. The exchanges that were more active, in volumes, with XRP across various pairs this week were, ZBG (10.55%) ZB.COM (4.72%) and Bit-Z (3.90%)
For XRP this week, Federal Bank Limited (“Federal Bank”), a major private commercial bank in India, announced that it had partnered with Ripple in order to get access to faster and more secure cross-border transactions.
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on March 30 at 8:30 pm IST) were
- AICHAIN – Showing a rise of 898.52%
- Jury.Online – Showing a rise of 467.60%
- Block CND – Showing a rise of 354.52%
- ARBITRAGE- Showing a drop of 57.38%
- DOS Network- Showing a drop of 40.30%
- Ormeus Cin – Showing a drop of 38.09%
What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.
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A blockchain enthusiast, my expertise extends to marketing and advertising through which I was able to help a few notable startups in generating initial traction. Follow me on Twitter at @abhinavagrwl94 and reach out to me at abhinav[at]coingape.com