More red candles have played a leading role in the crypto market over the past week. While cryptocurrencies such as BTC, AVAX and ADA, especially SOL, showed a downward performance, the total value of the crypto market decreased by 0.26 percent to $ 1.06 trillion. The size of the transaction volume in the last 24 hours decreased by 25.74 percent compared to the previous day and reached 24.65 billion dollars.
Bitcoin (BTC)
Bitcoin, which opened last week at $ 26 thousand 778, remained under selling pressure in the following days and fell to the level of $ 25 thousand 500. Although Bitcoin, the world’s largest cryptocurrency in terms of market value, pushed the 26 thousand band again in a few days, it remained at the level of 25 thousand dollars in the following days when the volatility was high. Bitcoin’s price has increased by 0.11% in the last 24 hours, reaching 26 thousand dollars again.
Ethereum (ETH)
Last year, Ethereum made a radical change in its blockchain infrastructure and switched from proof-of-work consensus to proof-of-stake, and successfully completed the Shanghai update in April. However, the value of ETH, just like the rest of the market, performed on the downside last week. ETH, which opened the week in the band of $ 1,865 but fell to $ 1,733 immediately after, increased by 0.36 percent in the last 24 hours and was traded at $ 1,741.
Cardano (ADA)
ADA’s value dropped sharply in the week it opened from $0.32, falling to $0.23, declining 25 percent. The value of ADA, among a group of cryptocurrencies that went to the securities classification by the US Securities and Exchange Commission, fell to $ 0.27, although it saw a minor correction in the following days.
Avalanche (AVAX)
AVAX has had a bearish outlook over the past week, just like the rest of the crypto market. Opening the week at $14.17, the value of AVAX declined to $10.66 due to the negative environment in the market. The price of AVAX has held in the $11 band for the past three days. Forcing the $12 level again in the last 24 hours, AVAX increased by 0.97 percent to $11.92.
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