Crypto Week at a Glance: How the market moved

economictimes.indiatimes.com:

crypto prices dropped on an average of 12%. This sudden drop pushed the global crypto market to its lowest point in the month of August. For the first two weeks, the market rose for about 4-5%, which is not so great but still gave a sign of relief to investors, but this sudden drop could turn out to be fatal. By the end of the week, on Sunday, the market stabilized a little bit, but the losses over the weekend still stood up high and the day ended without getting bullish. Over the analysis of the International exchange books, the buy-side is thin. This phase of the market cannot turn around in just a few days with such conditions. As expected, Monday was also served by a weak market. During the day, about one-third of the coins in the Top 100 gained around 1-2% whereas, coins and tokens based on metaverse and attention on browser lost around 5% in their prices.

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By the end of the day, bitcoin endured a loss of about 0.5%. This is not the first time the market has taken such a dramatic turn, though its impact was seen globally. A turn-around was seen in the crypto market globally on Tuesday where popular coins like bitcoin gained 0.5%, whereas, others like Ether and bitcoin cash gained 4% and 8%, respectively. This uptrend in the market was unpredictable which left the spectators in awe and even after deep analysis, no pattern was observed. Around 80 coins out of Top 100 Coins and tokens, were seen in the green zone even though the price raise was less than 2%. Tuesday brought new hope for the investors and traders as a lot