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.
Sentimentally positive for Bitcoin as the prices turn stable again and hover around USD 5100-5200 mark. The prices hit the high point for Bitcoin were at USD 5,358.49 and the lowest point of USD 5,024.07 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, BitMex (7.39%), Negocie Coins (4.04%) and Coinreal (3.23%)
Among prominent news around Bitcoin, Fundstrat Global Advisors founder Tom Lee pointed out that the value currently reported by his company’s bitcoin (BTC) sentiment indicator Bitcoin Misery Index (BMI) has never been seen in a bear market
Ethereum on the top, this week were at USD 176.71 and were at lows of USD 159.56. The markets that were more active, in volumes, with ETH across various pairs this week were OOOBTC (2.65%), BW.com (2.59%) and LATOKEN (2.58%)
XRP is the only coin that has been struggling in the top 10 coins. On the top, this week the prices of XRP were at USD 0.345289 and towards the bottom, it quoted USD 0.318090 The exchanges that were more active, in volumes, with XRP across various pairs this week were, ZBG (10.71%) OOOBTC (9.93%) and ZB.COM (4.38%)
For XRP this week, the weak run in XRP prices show that XRP Price Continues to Lose Ground in Both USD and BTC Territory
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to CoinMarketCap (accessed on April 21 at 3:30 pm IST) were
- Atomic Wallet Coin [AWC] – Showing a rise of 523.13%
- MMOCoin [MMO] – Showing a rise of 307.97%
- Bitcoin File [BIFI] – Showing a rise of 231.64%
- OVCODE [OVC] – Showing a drop of 73.89%
- SuperEdge [ECT] – Showing a drop of 71.57%
- Profile Utility Token [PUT] – Showing a drop of 68.26%
What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.