The 99-periods Moving average which was being tested a couple weeks ago held as a support and this keeps the general uptrend for BTC still intact.
On Friday, the market experienced some turbulence after the news that one of OKEx exchange keys-holder was cooperating with a public security bureau because of an investigation. This in turn caused the freezing of withdrawals from the exchange and BTC price to drop 3% in minutes. However, the 11’000 USD level was not touched and the price rebounded afterwards.
BNB
The past week was mildly negative for the cryptocurrency market. BTC price experienced some news-induced volatility during the last days of the period but the performance was not significantly in the red overall.
The past week was really good for the cryptocurrency market, with all the top projects posting positive results. Five out of seventeen projects posted a double-digit increase, with Tezos (XTZ), Stellar Lumens (XLM), and Cardano (ADA) even crossing the 20% w/w increase mark.
Weekly Crypto Market Report covering top projects in the space
Min-Max range of top crypto projects, Ethereum and Binance Coin leads the pack.