Crypto Market Cools After Strong Rally Last Week.
Good morning. Here is your Monday morning crypto roundup.
Bitcoin Price - $66,833 Up 7.2% over the past 7 days.
Ethereum Price - $3,099 Up 4.9% over the past 7 days
Bitcoin Analysis.
Bitcoin has rallied over the past 7 days and is up 7.2%. Today, Bitcoin is marginally down so far by 0.5%.
The range high for the past 7 days has been $67,330 and the range low was $61,262.
The broader picture for Bitcoin is that it is in a period of accumulation and is generally trading between the $60k to $70K range.
Altcoin Market Update
Altcoins generally rallied last week with many altcoins seeing double digit returns.
AI coins did especially well with many AI tokens rallying strongly.
Two of the big gainers of the week were NMT and ORAI with gains of 39.2% and 28.5% respectively.
The altcoin rally seems to have levelled off now with many altcoins seeing slight drops and slight gains so a potentially quiet week for altcoins lies ahead.
Crypto Coin To Watch
One crypto coin to watch is the RWA token ONDO. This token is the native token for the ONDO network and BlackRock has invested heavily into this coin which emphasises it's reputation as one of the hottest RWA tokens to watch over the next 12 to 18 months.
ONDO saw gains of 19.1% last week and is down over the past 24h by 3.2% and ONDO's price currently sits at $0.92.
Top 3 Crypto Gainers
Below are the top 3 crypto gainers over the past 7 days -
1)OMIKAMI - $0.024 Up 858.1%
2)GME - $0.0078 Up 196.5%
3)PONKE - $0.44 Up 179%
You Might Be Interested In
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I hope you enjoyed today's crypto update and I'll update you again in the week.
Kind regards,
Grant James - Crypto Investor & Analyst
Nothing in this post should be taken as financial or investment advice. Cryptocurrencies are volatile assets and there is a chance that you could lose some or all of your money.
If you invest in crypto investments do your own research and never invest more than you can afford to lose.