Week in Review: Cryptocurrency Price Analysis for the Week May 6 to May 12


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Week in Review: Cryptocurrency Price Analysis for the Week May 6 to May 12

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.

Bitcoin (BTC)

Bitcoin saw some positive sentimental moves this week as the top coin was up 21.77%. The good thing about Bitcoin is that it still hodls itself above 6900 creating a sentimental positivity. The prices hit a high point of USD 7,333.00 and the lowest point of USD 5,653.69 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, BitMex (22.31%), Negocie (5.12%) and ZBG (2.83%)

Among prominent news around Bitcoin, Prince Charles Gives Royal Approval On BTC says “It’s A Very Interesting Development”

Ethereum (ETH)

Ethereum continues its upward move following the rise of BTC. Ethereum on the top, this week were at USD 203.47 and were at lows of USD 159.99. The markets that were more active, in volumes, with ETH across various pairs this week were ZBG (4.98%), BW.COM (3.47%) and OKEx (2.91%)

Among news surrounding Ethereum, Vitalik Buterin, Joseph Lubin Each Donate 1,000 ETH to Support Ethereum’s Development

Ripple (XRP)

On the top, this week the prices of XRP were at USD 0.336324 and towards the bottom, it quoted USD 0.294114. The exchanges that were more active, in volumes, with XRP across various pairs this week were, BW.com (10.21%) ZBG (9.54%) and DigiFinex (4.95%)

For XRP this week, Ripple’s co-founder Chris Larsen has been selected to join the International Monetary Funds panel. This panel has been created to focus on innovations in the Fintech industry

The Other Movers and Shakers

The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on May 12 at 9:08 pm IST) were

Movers

  • Blue Whale Exchanges – Showing a rise of 9000%
  • Japan Content Token – Showing a rise of 355.36%
  • Bitex Global XBX Coin- Showing a rise of 169.89% 

Shakers

  • RoboCalls- Showing a drop of 79.48%
  • Namecoin- Showing a drop of 48.04%
  • Cloudbric – Showing a drop of 47.68%

What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.

Summary
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Week in Review: Cryptocurrency Price Analysis for the Week May 6 to May 12
Description
Bitcoin saw some positive sentimental moves this week as the top coin was up 21.77%. The good thing about Bitcoin is that it still hodls itself above 6900 creating a sentimental positivity. The prices hit a high point of USD 7,333.00 and the lowest point of USD 5,653.69 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, BitMex (22.31%), Negocie (5.12%) and ZBG (2.83%)
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Coingape
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Disclaimer The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Author: Abhinav Agarwal

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

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Abhinav Agarwal 91 Articles

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

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