Check out last week’s digest on cryptocurrency market changes, top 3 coins stats, top gainers and losers and the most notable cryptocurrency news.
Last crypto week was marked mainly by the continuous bullish run with a flash crash in the end, launch of Binance DEX in testnet and a new Bitcoin ETF proposal. Hope you find it helpful and as usual – happy trading!
Cryptocurrency market stats
Cryptocurrency market has reached its 2019 peak of almost $144 billion on Sunday but then rapidly lost 11% and stopped at the $128 billion mark.
|Stat||Value (7d change)|
|Cryptocurrencies||2 086 (+0.87%)|
|Markets||16 125 (-0.29%)|
|Market Cap||$128 628 116 719 (+1.84%)|
|BTC Dominance||52.3% (+0.2%)|
Major coins price stats
The entire last crypto week was bullish for all major cryptocurrencies until the flash crash on Sunday. In the end, Bitcoin and Ethereum still saw moderate week to week gains, while XRP lost a bit.
|Coin||Close||7d Gains||7d High||7d Low|
|Bitcoin||3 810.43||+3.72%||4 210.64||3 669.98|
Last week’s cryptocurrency leader is S4FE with a massive increase of 484.85%.
|Coin||Symbol||24h Volume||Price||7d Increase|
|Moss Coin||MOC||$41 874 323||$0,094849||137.05%|
Last week’s top losers have lesser decreases compared to the previous ones, only around 40%.
|Coin||Symbol||24h volume||Price||7d Drop|
|Spendcoin||SPND||$1 177 214||$0,175959||-41.33%|
Quote of the week:
Elon Musk, CEO of Tesla and SpaceX, during a podcast interview with investment firm ARK Invest: “It [cryptocurrency] bypasses currency controls. … Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure.”
In case you missed it:
- World’s leading cryptocurrency exchange Binance has launched the testnet of Binance DEX, a new decentralized exchange built on Binance’s own blockchain network. The company now gathers feedback from users before revealing a timeline for the final launch.
- U.S. Securities and Exchange Commission (SEC) is now reviewing 2 Bitcoin exchange-traded fund (ETF) proposals. The first one is filed by Bitwise Asset Management and NYSE Arca and was published last week; the second one is by VanEck/SolidX and Cboe BZX Exchange and appeared in the register on Feb. 20.
- The Seoul Metropolitan Government plans to invest more than $1 billion in various blockchain and fintech startups by 2022. As stated in the announcement, while the average investment per company in Silicon Valley is $6-7 million, in Korea it’s only $1.1 million and the “Seoul Innovation Growth Fund” will help startups that have investment problems with Series A funding rounds.