Crypto Market Volume Declines By 5% Over Week
The growth of the crypto market slowed down slightly over the second week of April 2019. It lost 4.6% in volume, according to CoinMarketCap.
After the sharp rise at the beginning of the month, when the crypto market increased by more than 20% over a few days and then reached $186 billion, its maximum value in the year, by mid-April, the total volume of all cryptocurrencies decreased to $176.4 billion.
There were no significant changes in the top ten of digital assets. Bitcoin lost about 2% in price, and it amounted to $5177 on April 15, at 04:00 (UTC). It should be noted that the cost of the first cryptocurrency reached an annual maximum on April 10 — that day the value of BTC was $5421.
Ether continues to retain the second position in the rating, although it has lost 8.5% in price in a week. The maximum value of ETH in 2019 was recorded last week, on April 8 — $183.52. Ripple (XRP), the third cryptocurrency in the ranking, also lost 8.5% in price.
Among the most liquid digital assets, only Binance Coin managed to achieve a positive indicator in the period from April 8 to April 15 — the price of the cryptocurrency increased by 3.5%. The value of Stellar decreased by 10%, Litecoin — by 8.7%, Cardano — by 4.3%. EOS managed to avoid losses, while the price of the asset, along with bitcoin and ether, reached a maximum annual value last week. All liquid cryptocurrencies, except for the Tether stablecoin, were in the green zone in the morning of April 15.
Earlier, an analyst at the crypto market Tone Vays expressed the opinion that the sharp rise in the price of bitcoin in early April can be explained by price frauds.