News of the week - a source of information about key events in the crypto market.
Capitalization of cryptocurrenciesbehindthe last 7 days has decreased by almost 13% - to $ 1.87 trillion, according to CoinMarketCap.
Trading volumes increased with the market fall.Daily trading volumes increased by 24% over the week– up to $134 billion. On Monday, the figure rose to $151 billion, never reaching the local maximum of $246 billion caused by the market drop on September 7.
Cryptocurrency Fear and Greed Indexagainst the backdrop of Monday’s unrest, it dropped from the “Neutral Zone” to the “Fear” zone – to 21 points.
Bitcoin dominance in 7 days increased by 0.81% - up to 42.6%, according to CoinMarketCap.Some subsidence was observed simultaneously with a short-term increase in the ether indicator. The share of ether grew to 19.51% on September 16, but only lasted above 19% for two days. Over the week, the figure decreased by 0.23% to 18.4%.
TOP factors of market movement
▲ 15.09.2021 – Glassnode: Bitcoin balances on exchanges returned to the February 2018 level – 13.1% of all coins in circulation. The trend towards a reduction in exchange reserves has been observed since March 2020, when the price of BTC fell to $5,000.
▲ 09/15/2021 - After the London update on August 5, 297,000 ETH worth more than $ 1 billion was burned. On average, about 5 ETH is burned per minute.
▲ 09/17/2021 – IntoTheBlock: ether and bitcoin rates over the last 30 days show better results than the Nasdaq 100, S&P 500 and Dow Jones indices.
▲ 09/20/2021 - Glassnode: Miners have been accumulating bitcoin in their balances for the past six months. Since January, their reserves have grown to 13,000 BTC.
▲ ▼ 09/20/2021 - CoinShares: Last week, investors preferred Bitcoin, investing $ 15.3 million out of $ 41.6 million in funds based on the first cryptocurrency.
▼ Sep 20, 2021 - Glassnode: Long-term holders are now realizing profits with BTC they have acquired between the $ 18,000 and $ 31,000 levels.
▲ 09/22/2021 – The People's Bank of China injected 120 billion yuan ($18.6 billion) into the country's banking system to ease market unrest caused by the debt crisis of real estate giant Evergrande.