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.
This week Bitcoin continued to get positivity even though the market overall was damp. The prices hit a high point of USD 12,273.82 and the lowest point of USD 10,960.74 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, Binance (2.73%), OKEx (2.55%) and Bit-Z (2.54%)
Among prominent news around Bitcoin, Billionaire Mark Cuban has weighed in on the debate between bitcoin and precious metals, claiming that he considers both assets to be in one and the same.
Ethereum has been kind of weak over past few weeks and the price is now very close to USD 200 mark. Ethereum on the top, this week were at USD 239.12 and were at lows of USD 203.79. The markets that were more active, in volumes, with ETH across various pairs this week were Coinegg (4.89%), Fatbtc (2.72%) and DOBI Exchange (2.98%)
Among news surrounding Ethereum, A survey conducted by twitter user showed that Majority of Crypto Twitter Believes Ethereum (ETH) Will Surmount $1,000 Again
On the top, this week the prices of XRP were at USD 0.331414 and it quoted USD 0.293271 towards the bottom, The exchanges that were more active, in volumes, with XRP across various pairs this week were, BW.com (5.19%), ZB.com (4.97%) and BITKER (4.70%)
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on August 011 at 3:30 pm IST) were
- Dexter G – Showing a rise of 170.68%
- AICHAIN – Showing a rise of 103.15%
- ICE ROCK MINING- Showing a rise of 64.94%
- U Network – Showing a drop of 74.66%
- Opennity- Showing a drop of 61.10%
- Everycoin – Showing a drop of 60.39%
What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
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