Crypto market overview: Bitcoin, Ethereum and Ripple weekly-losses analysis

  • BTC/USD is on course of having the most bearish week since March 2018.
  • Over the last four weeks, XRP/USD has fallen from $0.48 to $0.29, losing 39.58% of its valuation.

The last week has been a roller-coaster ride for the crypto market, which culminated in Tuesday’s downward spiral. Let’s take a look at how the top three coins performed over the last week.

BTC/USD weekly chart

BTC/USD fell from $11,450 to $9,350 during this week. In the process, it lost 19% of its valuation. This is on course of being the most bearish week BTC/USD has had since March 2018.

ETH/USD weekly chart

ETH/USD fell from $270 to $196.15, losing a staggering 27.35% of its valuation. ETH/USD is on course of having its most bearish week since September 2018.

XRP/USD weekly chart

XRP/USD is on course of having its fourth bearish week in a row. XRP/USD fell from $0.33 to $0.29. Over the last four weeks, XRP/USD has fallen from $0.48 to $0.29, losing 39.58% of its valuation.
 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.