Saturday in the signature styles of crypto, Bitcoin (BTC) was at $20,450 when the weekend started, but was already down to $19,500 by the 2nd hour, and continued to gradually fall until it reached $19,000 around midday. BTC would trade mostly sideways in the second half, before taking another fall in the final hours of the fourth quarter (last six hours) to $18,500 where it retired going into Sunday. Bitcoin is now down 36% for the week, 40% for the month and 49% for the year, while its marketcap is $346 billion. Meanwhile, Bitcoin dominance is 40.8% versus all cryptoassets, after gaining .8% in the last 24 hours.
Looking at Ether (ETH) on Saturday, the world’s second-largest cryptoasset was trading at $1,080 when the day began, but followed “Bit” brother down the slippery slope, ending up at $1,020 in the second hour. From there, things would only get worse for ETH, as it did for BTC, with the asset continuing to fall to $1,000 even by midday. The second half was just as harsh for ETH, which continued to bleed to $920, before rebounding to $950 where it would eventually retire leading into Sunday. Ether is now down 38% for the week, 53% for the month and 58% for the year, with its marketcap at $115 billion.
As for the altcoin sector, or the ‘Top 100’ more specifically, the bunch ended Saturday with 90% of them in the red, after having a relatively neutral prior day. To make things worse, there were eleven double-digit percentage losers on this day and only one gainer among the 100, which was TitanSwap (TITAN), gaining 13% in the last 24 hours, while the big losers were, in order of larger-sized marketcap assets first: Avalanche (AVAX) ~ 13%, FTT Token (FTT) ~ 10%, Cronos (CRO) ~ 11%, OKB (OKB) ~ 13%, Polygon (MATIC) ~ 16%, Theta Fuel (TFUEL), Uniswap (UNI) ~ 10%, Hedera (HBAR) ~ 10%, Tezos (XTZ) ~ 12%, Anchor Protocol (ANC) ~ 12% and KuCoin (KCS) ~ 15%, respectively. The total marketcap of all cryptoassets, meanwhile, went down a whopping 9% to $848 billion in the same time period.
- Bitcoin(BTC)kicksOffTheWeekendTradingAt$20,450andQuicklyFallsTo$19,50byThe2ndHourBeforeFallingSomeMoreTo$19,000aroundMiddayAndTo$18,500eventuallyWhereItWouldRetireDown36%forTheWeek/40%forTheMonthAnd49%forTheYearWhileItsMarketcapIs$346billionAndBitcoinDominanceIs40.8%versusAllCryptoassets
- Ether(ETH)startsTheWeekendAt$1,080andQuicklySlipsTo$1,200byThe2ndHourBeforeFallingSomeMoreTo$1,000aroundMiddayThenContinuingToFallInTheSecondHalfAsWellAsFarDownAs$920beforeReboundingAndReaching$950whereItWouldReitreDown38%forTheWeek/53%forTheMonthAnd58%forTheYearWithMarketcapOf$115billion
- TheAltcoinSectorEndsSaturdayWith90%ofTheTop100byMarketcapInTheRedOfWhichThereWereAlsoElevenDoubleDigitPercentageLosersWithOnlyOneBigWinnerAmongThemWhichWasTITANgaining13%whileSomeOfTheBigestLosersWereAVAX/OKB/TFUELandKCSrespectivelyWithTheTotalMarketcapOfAllCryptoassetsGoingDown9%to$848billion
https://www.coingecko.com/