Friday in the frequent fluctuations of crypto, Bitcoin (BTC) was at $17,430 when the day started, trading sideways through the first quarter (first six hours), before rising to $17,510 early in the second. From there, the “orange coin” fell to $16,950, but was quick to bounce back to $17,040 around midday. Unable to maintain support above $17,000, BTC fell to $16,800 in the third quarter, only to climb back up to $16,880 in the fourth. With one more correction on the horizon, “Bit” tapped $16,630 in the final hours, before rising to $16,710 where it would retire leading into the weekend. BTC, now down almost 3% for the week, has a marketcap of $321 billion. Meanwhile, Bitcoin dominance has risen .6% to 38.4% versus all cryptoassets.
As for Ether (ETH), the second-largest crypto by value was trading at $1,275 when Friday started, staying rangebound in the first quarter, before rising to $1,280 early in the second. Unable to break $1,300, ETH fell back down to $1,210 around midday. With a small boost from the bulls, ETH got as high as only $1,215 in the third quarter, but was quick to correct back down to $1,190 shortly after. In the fourth and final quarter, ETH made one more push toward $1,200, but would get rejected and fall back down to $1,175, a price point around which it would retire going into Friday. ETH, now down nearly 7% for the week, has a marketcap of $142 billion.
While BTC and ETH were struggling to minimize losses on Friday, the Top-100 altcoins were getting hammered in a parallel universe, with 90% of the assets in that group closing the day with losses. To make things even worse, there were even about 40 double-digit percentage losers among the bunch. Given the large number of losers among the 100, the following is a list of the top 5 losers of the day, in order of larger-sized marketcap assets first: ApeCoin (APE) went down 16%, Filecoin (FIL) ~ 26%, Huobi (HT) ~ 15%, Flow (FLOW) ~ 15% and Trust Wallet (TWT) went down 28%, with no big winners beside them. The total marketcap of all cryptoassets went down more than 5% to $838 billion.
- Bitcoin(BTC)StartsFridayAt$17,430beforeRisingTo$17,510earlyAndFallingAsLowAs$16,630inTheFinalHoursThenGettingOneFinalLegUpToCloseAt$16,710downNearly3%forTheWeekWithMarketcapOf$321billionAndBitcoinDominanceAt38.4%versusAllCryptoassetsAfterRising.6%inTheLast24hours
- Ether(ETH)KicksOffFridayAt$1,275beforeRisingTo$1,280earlyInTheDayThenCorrectingTo$1,210aroundMiddayOnlyToClimbBackUpTo$1,215inTheSecondHalfThenCorrectBackDownTo$1,175inTheFinalHoursWhereItWouldRetireRatherBearishlyWhileDown7%forTheWeekWithMarketcapOf$142billion
- TheTop100altcoinsCloseFridayWith90%ofTheBunchInRedOfWhichThereWereEvenAnOutstanding40doubleDigitPercentageLosersTheBiggestOfWhichIncludedAPE/FIL/HT/FLOWandTWTwhileTheTotalMarketcapOfAllCryptoassetsHasFallenByMoreThan5%inTheLast24hoursToWhatIsNow$838billion
https://www.coingecko.com/