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.
The rally that bought Bitcoin to 11k finally seems to have lost some steam. Looks like this is the level where the base is created. The prices hit a high point of USD 13,796.49 and the lowest point of USD 10,491.85 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, Binance (3.15%), DOBI Exchange (2.90%) and Bitforex (2.73%)
Among prominent news around Bitcoin, Thomas Lee, the Fundstrat Global Co-founder, believes that Bitcoin is possibly having days ahead to surpass its old highs, adding that crypto winter is over.
Ethereum followed Bitcoins move and sits well above USD 300 now after some dampness last week. Ethereum on the top, this week were at USD 361.40 and were at lows of USD 278.57. The markets that were more active, in volumes, with ETH across various pairs this week were LATOKEN (3.38%), Coineal (3.07 %) and DOBI Exchange (2.78%)
Among news surrounding Ethereum, Two blockchain-focused startups, cryptocurrency payments firm CLIC Technology and blockchain infrastructure provider Opporty, have recently revealed they’re set to soon release a browser extension that’ll allow users to shop on Amazon using Ethereum’s ether.
On the top, this week the prices of XRP were at USD 0.494310 and towards the bottom it quoted USD 0.395387. The exchanges that were more active, in volumes, with XRP across various pairs this week were, BW.com (5.93%), HitBTC (4.58%) and Binance (3.35%)
For XRP this week, Kieran Kelly said that Facebook’s coin could open a mass Gateway to XRP and Probably BTC
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on June 30 at 4:30 pm IST) were
- BitScreener Token- Showing a rise of 177.07%
- IHT Real Estate Protocol- Showing a rise of 167.50%
- Seele- Showing a rise of 127.24%
- ZClassic- Showing a drop of 79.95%
- Everycoin- Showing a drop of 72.80%
- OLXA– Showing a drop of 65.78%
What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.