Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Crypto market shows mixed weekly results, Bitcoin and Ethereum see minor gains today

EditorVenkatesh Jartarkar
Published 11/19/2023, 07:25 AM

NEW YORK - In a week of fluctuating fortunes for cryptocurrencies, Bitcoin and Ethereum saw modest gains today, despite experiencing losses over the past week. Bitcoin inched up 0.57% to $36,563.73, while Ethereum climbed 1.34% to $1,959.81. However, their weekly performance showed a decline of 1.14% and 4.23%, respectively.

The overall crypto market presented a mixed picture with several altcoins registering varied movements. BNB rose by 1.27% to $244.81, and XRP made slight gains, increasing to $0.66 (up 0.85%). Cardano stood out with a notable increase of 4.09% to $0.33. In contrast, Dogecoin fell by 6.08% to $0.077.

Solana displayed resilience over the week with a positive momentum of 2.18%, trading at $58.44. Polka Dot and Shiba Inu were among the cryptocurrencies that faced weekly declines, with Polka Dot down by 4.08%.

The top gainers included Render, Arweave, FTX Token, KuCoin Token, and Oasis Network, each posting significant returns within the last day.

Stablecoins such as Tether and USD Coin managed to stay close to their pegged values, while Binance USD experienced a slight decrease.

The DeFi sector witnessed fluctuations with tokens like Avalanche and Chainlink seeing decreases in value, whereas Wrapped Bitcoin saw a marginal uptick.

NFT assets generally faced downturns with Internet Computer and Immutable experiencing notable declines.

Despite these mixed performances across various cryptocurrencies and sectors, the global crypto market cap held steady at $1.39 trillion with a daily volume surge indicating robust trading activity.

Polygon's nearly four percent increase over the week contrasted with the losses seen by other tokens, highlighting the unpredictable nature of cryptocurrency markets.

Investors continue to navigate through the volatility inherent in digital assets as they assess market dynamics and potential opportunities within this diverse financial landscape.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.