The top crypto assets failed to show strength

Despite performing well over the early part of the week, the cryptocurrency market actually retraced in value and continued along its recent downward trend. The total valuation stood at around $270B early on Monday, and picked up $10B to end the day at around $280B. The total market cap reached its weekly peak at $282B on Tuesday before pulling back slightly; however, the day came to an end with the market still fluctuating at around $278B.

The midweek period saw the market begin to pullback, and around 6.8% in value was lost over Wednesday, as the total cap fell from $278B to $259B. After losing close to $20B in value, the market then went on to fluctuate before bottoming out at around $257B on Thursday.

The following uptrend saw the total cap pick up $10B and hit $267B on Friday, before jumping to $271B later in the day. However, the market retraced over Saturday, and lost $10B or 3.6%, and the total valuation remains close to the $265B mark as the week comes to an end.

The daily trading volume stood at $65B on Monday and peaked at $78B on Thursday, after pulling back over the weekend, the 24 hour daily trading volume currently stands at $54B while the total market valuation stands at $265B.

The majority of top coins made marginal moves over the week and Bitcoin lost 2.2% while Ethereum dropped 1.4%. Stellar recorded the best performance, although it only saw a tiny 1% bump. BNB was the biggest loser as it fell by around 5%.

Among the top 100, the top gainers were mostly lesser known coins and Wixlar topped the charts after jumping by around 100%. It was followed by Atlas Protocol which continued its strong performance and grew by 67%. The top five gainers list was completed by CCCX, OSC, and ETC. Ethereum Classic was particularly impressive as it added 30% in anticipation of the upcoming Atlantis hard fork.

Bitcoin barely hangs on above $10,000 as the week comes to a close

Bitcoin began the week trading at around $10,350 and picked up around $300 over the morning before climbing again to end the day trading at around $10,820. The price pulled back on Tuesday, but managed to stay close to $10,650; however, this set up a significant drop which took place over Wednesday as Bitcoin lost 6.1%, and fell to $9,995.

BTC fell further on Thursday and the price bottomed out at around $9,860 before to recovering to climb back above $10,000 as the weekend approached. BTC hit $10,400 on Friday before losing 3.5% in value and falling to $10,035 on Saturday, and as the week comes to an end, BTC continues to stay above $10,000.

Bitcoin’s daily trading volume stood at around $15.5B on Monday and peaked at around $21B on Thursday. The 24-hour trading volume currently stands at $12.5B while BTC is trading at $10,150 and retains a market cap of $181.6B. Bitcoin also enjoys a dominance of 67.9%.

Ethereum remains within striking distance of the $200 level

Ethereum opened up trading at around $194 and grew by around 3% over Monday to end the day at around $200. After remaining stable over Tuesday, the price fell away on Wednesday as ETH dropped from $197 to $184 which represented a decline of 6.5%. The price then picked up as the weekend approached and ETH climbed back to around $194 on Thursday before pulling back and hit the same figure again on Friday.

The price retraced once again on Saturday as ETH fell back to around $188, and ETH continues to fluctuate around $190 as the week comes to an end.

Ethereum’s daily trading volume stood at $6.4B on Monday and broke past $8B on Thursday, and the 24 hour trading volume currently stands at $4.54B, while ETH is trading at $190.2 and retains a market cap of $20.45B.