2023-10-06 21:47:32
In recent days, amid the main fluctuations in the macroeconomy, the cryptocurrency market remained stable by moving around USD 1,090 trillion (-0.06%) on the morning of this Thursday (5), while Bitcoin (BTC) was trading in the USD 27,600 zone (+0.49%) with a market dominance of 49.7%.
The muted activity was seen in most of the major altcoins in terms of market capitalization, despite some gains of up to triple digit percentages. These cases can be considered exceptions due to the lack of clear direction from investors in the context of the macroeconomy.
In general terms, the slight decrease in TreasuriesUS Treasury bonds, the fall of the Petroleum and the reduction in the opening of new jobs in the United States in September, according to the ADP survey that precedes the official government data (the payroll), are positive signs for the venture capital (VC) associated with cryptocurrencies.
Among the top altcoins in terms of market capitalization, TWT was trading at USD 0.89 (+9%), AAVE was trading at USD 69.33 (+5.92%), AVAX was worth USD 10.25 (+4.93%), RUNE was valued at USD 10.25 (+4.93%), was equal to USD 2.07 (+4.75%), MINA was exchanged for USD 0.38 (+2.43%), FLOKI represented USD 0.00018 (+7%), MAGIC was traded for USD 0.56 (+5.54%) and LQTY became USD 1.17 (+4.77%).
On the other hand, some cryptocurrencies showed drops of up to double digit percentages: RPL was valued at USD 20.72 (-3.14%), MATIC was quoted at USD 0.56 (-4.33%), GALA represented USD 0.015 (-5.10%), DAO was at USD 0.66 (-5.97%), PUNDIX was at USD 0.36 (-4.64%), XCH was worth USD 22.96 (-2.80%) and TRB was at USD 45.98 (-2.24%).
Some altcoins with market capitalization above $100 million were experiencing double-digit gains: Loom Network (LOOM) was trading at $0.15 (+25.50%) and STP was priced at $0.069 (+29%). Other significant gains were seen in altcoins from projects with lower market capitalization, such as LTCU, which was estimated at USD 75.02 (+26%), TREX, which was exchanged for USD 0.61 (+20%), ARK, which was exchanged at USD 0.47 (+12.86%) and CRE, which was trading for USD 0.0050 (+10.73%).
Among the highlights was the unknown Evadore (EVA), which was trading at USD 0.24 (+42%) with a cumulative increase of 435% in the last seven days.
Weekly chart of the EVA/USD pair. Source: CoinMarketCap
On the other hand, through the project’s official channels it was not possible to identify a specific event that could be related to the increase in EVA, the native token of the Turkish payment platform EvaPay, which at the beginning of the week experienced a cumulative weekly increase of 277%As reported Cointelegraph Brasil.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investments and commercial movements involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed to or accessible to investors in Spain.
1696680696
#unknown #cryptocurrency #surprises #accumulates #increase #Bitcoin #remains #sideways