🚨The best digital currency deals this week...and a resounding fall for these currencies!🚨
🚨 Hello Crypto Banter community 🚨
Although there was a horizontal trend in the cryptocurrency markets this week, we saw an increase in volatility at the end of the week.
After the Fed's interest rate decision announcement and subsequent data, the cryptocurrency markets showed an unstable appearance and continued its broader horizontal movement.
While the total market capitalization could not exceed the $1.17 trillion level it reached last week, the total value fell to $1.15 trillion in downward moves. While the broad sideways movement reveals buyers and sellers clashing at these levels, the cryptocurrency continues to hold its March gains in the first half of the weekend.
Bitcoin has struggled to stay within the $28,000 range this week. In the bitcoin market, which rose to $28,800 in the middle of the week, it was noted that buying was mostly met at the $28,300 level. In the lower region, the moving average of $27,300 continues to form a support line for Bitcoin.
The currency pair is the US dollar against Bitcoin
While concerns about the global banking crisis are still on the agenda this week, the country's regulators are trying to bring the crisis under control with signals that they can increase their support for banks. On the other hand, this process led to a significant increase in the value of crypto assets, which were seen as an alternative investment tool, in a short time. Continuing this week's gains, cryptocurrencies failed to hold their gains amid mixed signals from the Federal Reserve and continued regulatory pressure on the US flank.
According to the latest situation, Bitcoin remained stable on a weekly basis, while it fell to $27,500 at the end of the week. On the other hand, Ethereum fell to $1,750 after falling in the last 24 hours and is down 4% for the week.
The highest profit and loss of cryptocurrency in the week
Among the top 100 cryptocurrencies, cryptocurrencies with a higher market cap were the most stable, while sharp returns were recorded in the cryptocurrency market this week. Based on the price action of the last 7 days, only 12 altcoins remain among the top 100 so far.
Accordingly, the top 5 cryptocurrencies with the highest profit this week are as follows:
• Flyer (FLR: 17.3%)
• Rabeel: 16.56%
• T-McDow (TMG: 12.44%)
• XDC Network (XDC: 9.26%)
• Nexo (NEXO: 9.12%)
The top 5 cryptocurrencies that lost this week are listed as follows:
• Arbitrim (ARB: 89.47%)
• Immutable X (IMX: -25.69%)
• Conflux (CFX: -23.22%)
• {{1192221| Lido Dao }} (LDO: -23%)
• Render Code (RNDR: -23%)
ARB, which opened trading Thursday this week, is ranked 38 with a market capitalization of $1.58 billion and is currently trading in the $1.23 range, down 90% from its peak price of $11.64 due to the volatility on its debut day.
What do you think........
In the comments......
@HLSPORTRAIT
