Weekly Market Roundup: Litecoin Posted Highest Growth Rate Last Week As Markets Continue To Soar
Last week was quite impressive, with most days producing gains on the markets. Monday to Wednesday was green days, with a few losses here and there.
Thursday and Friday, on the contrary, witnessed a siege on the markets, and almost everywhere was scarlet red. It was an unpleasant reminder of the recession from which the ecosystem just emerged.
The market began to recover on Saturday and it made some good wins on Sunday. It was fascinating to watch Bitcoin’s price jump from the $7900 to $8800 area, setting a new all-time high price for the last nine months.
The week ended vigorously, as the markets closed with a total capitalisation of almost $272 billion. It was refreshing as well to note that there was only one decline for the week among the top 10.
Last Week In The Press
On Friday, Binance, the world’s leading cryptocurrency exchange, announced that it is going to add margin-trading to its service following weeks of speculation. The company confirmed the new feature in a Tweet, tantalizing potential customers with the impending arrival of the additional options.
On Thursday, Robinhood, the commission-free startup, began trading on its online platform for cryptocurrencies like Bitcoin, Ethereum, bitcoin cash, litecoin. The California based company made its plans to open commission-free crypto exchange nearly a year ago in response to growing customer interest.
Telecom behemoth AT&T on Thursday indicated that their customers could pay their bills via Bitpay. The company is the first influential U.S. telco outfit to accept Crypto for payments.
The Financial Industry Regulatory Authority, which is the self-regulatory organisation of Wall Street, approved the public bid of shares in the trust, Grayscale Investments, last week. This implies that Grayscale can run OTC in ETH for investors.
Top 10 Standings At Midnight On Sunday GMT+4
It was a Litecoin Week as the Charlie Lee family posted a profit of 20.42% to annex the highest growth rate for the week. Its price at the time of filing this report at midnight on Sunday was $112.40, which is an enhancement of the previous week’s 11.26% increase.
Binance for the second consecutive week chalked the 2nd most pumped coin, selling at $34.68. It went up by 19.74% compared to the last week’s 39.66%.
The 3rd biggest gainer was market leader, Bitcoin. Its earnings went down from 15.80% to 10.03% with a price of $8,832.89.
EOS jumped 9.60% for the seven days, a far cry from its past week expansion of over 20%. It was on sale for the price of $6.97.
With a rise of 6.29%, Ether placed 5th on the top 10. Most exchanges were selling the Smart Contract pioneer at $270.85 per unit.
The fourth most valuable Crypto, Bitcoin Cash sold for $436.39 at the end of the week. The percentage of growth was 5.66%.
Cardano was part of the winning nine on top 10 for the week clinching a 3.04% gain. You only needed $0.087132 to purchase one ADA.
XRP was up in value as well accruing 2.37% to sell at $0.416076. Stablecoin Tether gave its community 0.43% increment, with a price of $1.01.
Stellar depreciated for the first time in a month in weekly rankings going down 2.97%. The micropayment Blockchain’s market value was $0.134480 at midnight on Sunday.
Until next week, enjoy the bull run and keep hodling.