Hello readers, welcome to the analysis of the prices of cryptocurrency for the week. Do not forget to check engines and shakers for this week in the last article.
Bitcoin is again stable this week with a decline of less than 1%. The positive thing about Bitcoin is that it still stands above USD 3500. Prices hit the highest point of USD 3,758.53 and the lowest point of USD 3,552.29 during the week. The most active trades, in volumes, with BTC on several pairs this week were, BitMex (15.45%), EXX (4.94%) and CoinBene (4.39%)
Among the important news on Bitcoin, the senior Cboe instructor, Kevin Davitt, said that the volatility of futures trades for BTC is constantly increasing.
XRP returned to second place, but Ethereum and continues to stay there. At the top, this week XRP prices were $ 0.337942 and downward they traded USD 0.318354. The most active exchanges, in terms of volumes, with XRP on several pairs this week were ZB.COM (13.42%), ZBG (6.09%) and Bitbank (3.21%)
For XRP this week, Ripple's sales manager, Ross D & Arcy, said that Ripple will make payments as easy as sending e-mails,
Ethereum he had a bad week when his update to Constantinople was delayed. Ethereum at the top, this week was at USD 130.86 and stood at USD 116.97 lows. The most active markets, in terms of volumes, with ETH on several pairs this week were LBank (4.22%), EXX (3.18%) and DOBI Exchange (3.09%)
Among the news surrounding Ethereum this week, Preston Byrne, a lawyer for Bryne & Storm joked that the popular blockchain, ETH, is more centralized than "the nucleus of a neutron store that falls into the horizon of events of a black hole ".
The Other Movers and Shakers
The other coins that arrived at the top and bottom this week according to CoinMarketCap (accessible January 20 at 3:35 pm IST) were
- Apollo currency: with an increase of 334.59%
- SnapCoin: shows an increase of 145.73%
- TenX: shows an increase of 128.80%
- Empowr coin – Showing a fall of 74.46%
- Ormeus Coin – Showing a loss of 67.99%
- LRM Coin – Showing a loss of 51.43%
What do you think the feeling of the cryptic markets would be like next week? Let us know your opinions about it