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.
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
