October 19, 2021

EXMO company blog | Weekly news: crypto market resistance

EXMO company blog | Weekly news: crypto market resistance</p>

News of the week - a source of information about key events in the crypto market.

Cryptocurrency capitalization behind the 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 -to $ 134 billion. On Monday, the figure rose to $ 151 billion, without reaching a local maximum of $ 246 billion, caused by the fall of the market on September 7.

Cryptocurrency Fear and Greed Index against the background of Monday's unrest, it dropped from the "Neutral Zone" to the "Fear" zone - up to 21 points.

Bitcoin dominance in 7 days increased by 0.81% - up to 42.6%, according to CoinMarketCap.Some drawdown was observed simultaneously with a short-term increase in ether. The share of ether on September 16 rose to 19.51%, but only stayed above 19% for two days. Over the week, the indicator decreased by 0.23% - to 18.4%.

TOP factors of market movement

▲ 15.09.2021 - Glassnode: Bitcoin balances on exchanges have returned to the February 2018 level - 13.1% of all coins in circulation. The trend towards a decrease 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 past 30 days perform better 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.

▲ Sep 22, 2021 - The People's Bank of China injected 120 billion yuan ($ 18.6 billion) into the country's banking system to ease market turmoil caused by real estate giant Evergrande's debt crisis.

This is a short summary of the top crypto news of the week. Follow the link to read the full version of the weekly cryptocurrency review.

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