The cryptocurrency market produced a solid showing
The market has moved in a generally positive direction over the past seven days despite losing value early on. The total market valuation stood at $134B early on Monday, and moved within a $1B range over the next 24 hours. The total cap then lost $2B in value during the early hours of Tuesday and dipped from $133B to $131B. The market soon recovered and grew by 2.3% to hit $134B later in the evening.
This led to a period of relative stability as the market then moved within a $1B range until Friday. As the weekend approached, the total cap grew from $135B to $137B, and this set up a more significant climb on Saturday when the total valuation climbed by 2.9% and moved from $137B to $141B.
Despite pulling back slightly, Saturday still ended with a valuation of around $140B and the market is currently fluctuating at around $138B as the week comes to an end.
The daily trading volume stood at around $31B on Monday and hit $35B on Tuesday. After falling back during the week, trading peaked at around $41B on Saturday. The 24 hour daily trading volume currently stands at $30B while the total market valuation stands at $138B.
The majority of top coins experienced moderate gains as Bitcoin grew by 3% while Ethereum grew by about the same amount. XLM benefited from speculation leading up to the Money 20/20 conference and a Coinbase listing to climb 10%, while Bitcoin Cash jumped by around 20.5%. BNB continued its green streak, gaining almost 11% in the last 7 days.
Away from the top ten, CRO soared by 193% off the back of an UPbit listing and speculation regarding a testnet launch on March 20. It was followed by MXM, KCS, and WAX which grew by 57%, 55% and 36% respectively. The top five gainers list was completed by Revain.
Bitcoin cracked the $4,000 level
Bitcoin started the week trading at $3,905 and dipped to $3,860 by Monday afternoon. After dropping further, the price recovered over Tuesday as BTC climbed by % and moved from $3,850 to $3,915. After falling back to $3,900 later in the evening, BTC generally moved within a $20 dollar range until Friday when the price hit $3,945 before retracing.
However, this set up a more sustained rally as BTC jumped by 2.8% and moved from $3,925 to $4,035 by Saturday morning. Despite losing close to $30 in value over the weekend, BTC is still fluctuating at around $4,000 as the week comes to an end.
Bitcoin’s daily trading volume stood at around $7B on Monday and reached $8B on Tuesday. After retracing later in the week, the daily volume hit $8.6B on Friday, and the 24 hour trading volume currently stands at $5.95B while BTC is trading at $4,016 and retains a market cap of $70.7B. Bitcoin also enjoys a dominance of 50.8%.
ETH climbed to $140
Ethereum began the week trading at $135 and dipped to $132 later on Monday. The price recovered on Tuesday and moved back to around $134. From here, the price remained stable as ETH moved within a $2 range until Friday when it began to rally and climbed from $133 to hit $143 during the early hours of Saturday.
This represented a jump of 7.5% and after pulling back slightly, ETH continues to fluctuate around the $140 mark as the week comes to a close.
Ethereum’s daily trading volume stood at $3.3B on Monday and grew to reach $4B on Tuesday. After retracing over the week, the 24 hour trading volume hit $4.25B on Saturday and currently stands at $2.99B, while ETH is trading at $139.7 and retains a market cap of $14.7B.