New week kicks off with marginal dips in the crypto markets

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  • Top crypto assets are down by between 2% and 5% over the last 24 hours.
  • At the time of press, Bitcoin is holding $37,076, and Ethereum $2,544.
  • Terra continues to lose significantly, declining 25% over the last week.

The volatility that has plagued crypto markets in January continued into the last week of the month. Market swings sent the prices rocking with major crypto-asset tokens in the red into the start of the new week.

Now having a market cap of $705.98 billion according to CoinMarketCapBitcoin has plunged 2.6% in the last 24 hours and is currently trading at $36,975. Though the world’s market-commanding digital asset resided north of $38k in bits over the weekend, it has remained inconsistent, and so has Ethereum’s native coin ETH.

ETH is currently down 1.85% on the day, but it established a pretty consistent rise since Friday afternoon, reaching as high as $2,630 on Sunday. However, today morning the token started falling and plunged to as low as $2,499 and has hardly neared the $2,600 range. Still and all, it has recovered from falling below $2,350 and is up 15% in the last seven days.

Alts are holding steady

Most altcoins performed modestly in the markets over the weekend. ADA is trading $1.02, down 4.4% in the last 24 hours. Like many other alts, it has hardly recovered from the hit the market took in the previous weekend. Since Wednesday, the token has not crossed $1.1 and only hovered around the $1 point even during the weekend.

Binance Coin (BNB) also has a negative marginal change in the last 24 hours, 3.91%. It, however, conforms to general market behaviour in the 7-day time frame, showing an 8.5% increase relative to its price last week.

Solana’s SOL and MATIC are showing a positive elevation relative to their positions last week as well. Up 10.4% and 18.6%, respectively, over the last seven days, the tokens are on the verge of reclaiming $92 and $1.60.

LUNA is seeing more losses

Terra’s LUNA, however, is a unique case. The coin has posted a 25% slump over the last seven days. LUNA is currently changing hands at $45.75, down 8.63% in the last 24 hours.

It is trading more than 55% below its all-time high. Within this range, LUNA is now testing lows it last saw in November.

The post New week kicks off with marginal dips in the crypto markets appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

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