Cardano (ADA) Drops 13% Weekly, Bitcoin Flat at $19K (Weekend Watch)

Bitcoin has stabilized after the volatility spike at the end the work week and is now at $19,000

Many altcoins are also very stagnant right now. There are some obvious winners like Huobi Token and others, like Cardano, on a weekly basis.

Bitcoin Calms at $19K

The most recent US inflation numbers, 8.2%, were announced Thursday. This reintroduced some of the volatility that was lost in crypto markets. Bitcoin dropped from $19,000 to a multi-week low at $18,200.

This was only the beginning. The asset rebounded and rocketed by nearly $2,000 in just hours. The price of the asset jumped to $20,000 for its first time in more than a week.

The bears, however, reminded of their presence at that point and drove BTC further south. Along with the huge losses on Wall Street Friday, bitcoin fell to $19,000. The cryptocurrency has remained stable since then and is just north of this line.

Its market capitalization is now below $370 billion and its dominance over other coins is at 40%, just like yesterday.

BTCUSD. Source: TradingView
Weekly Losses for DA

Altcoins experienced similar rollercoasters at work, but minor price movements have occurred since the weekend.

Ethereum has fallen less than 1% but is still below $1,300. Binance Coin and Ripple have seen similar daily retracements.

ADA has fallen by more than 13% in the past week, even though Cardano is still slightly in the green on a 24-hour basis. It is currently at $0.4

Dogecoins, Polkadot and Shiba Inu are all up by as much as 1% per day, while Tron, yesterday’s top performer, has retraced by 33%.

The total market cap for all crypto assets has remained the same at just over $920 billion according to CoinMarketCap.

Cryptocurrency Market Overview. Source: Quantify Crypto

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Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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