Bitcoin

Dogecoin

Ethereum

Cardano

XDC Network

Polygon

This week has seen a great struggle between bulls and bears with most cryptocurrencies experiencing much volatility within the week. Bitcoin (BTC) has had a rather slow session recording a mild weekly gain of 0.1% as the asset now trades at $27,229. Bitcoin has a current market cap of $528,193,130,123 as the <a href="https://blockchainreporter.net/glossary/trading/" rel="noopener noreferrer nofollow">trading</a> volume stood at $8,641,261,835 as of press time.<a href="https://blockchainreporter.net/bitcoin-price/" rel="noopener noreferrer nofollow">Bitcoins</a> volatility for the week has been rather stable as the Bollinger bands now move close to each other. BTC’s relative strength indicator is now moving below its average line indicating a bearish trend on BTC as the MACD indicator also moves approves a bridge to the negative region, showing the effort by bears over the week to acquire market dominance from the bulls.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/066dcc005a6246cb84d155cdeb0adc72.png" />BTC 1-day chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a><h2 id="header-0">Altcoin analysis</h2><a href="https://blockchainreporter.net/ethereum-price/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> has also had a rather fruitful session as the asset’s weekly gain now stand’s at 3.41% as it trades at $1,907. Ethereum has a current market cap of $229,366,582,849 as the trading volume now stands at $3,413,976,568.<a href="https://blockchainreporter.net/ripple-price/" rel="noopener noreferrer nofollow">Ripple (XRP)</a> however had a rather fruitful week as the asset boasts a fruitful 10% gain for the week. Ripple, now trading at $0.5252 has a current market cap of $27,302,799,217 as the trading volume stood at $603,622,500.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/777e178467854a6aaea4824a8405344a.png" />XRP 1-week chart | Source: <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CMC</a>Other <a href="https://blockchainreporter.net/altcoins/" rel="noopener noreferrer nofollow">altcoins</a> have however also had fruitful weeks with Cardano (ADA) gaining 2.5% for the week. Dogecoin (DOGE) has also recorded a rather fruitful session recording a gain of 0.8% for the week. Solana has however shown great dominance over the week as the asset now trades at $21.Polygon (MATIC) has however had a tough week as the asset now trades at $0.9059 representing a 2% loss in price valuation for the week. This comes as Tron also ad a fruitful week recording gains of 6% for the week to take its price to $0.08215.Arbitrum the top trending crypto currently on CoinMarketCap has had a weekly gain of 2.333% as the asset now trades at $1.23 with a trading volume of $158,301,510 and a market cap of $1,564,191,333.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/51449701f17448108dfd399fffbe5b6a.png" />ARB 1-week chart | Source: <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CMC</a>Another notable gainer for the week is XDC Network gaining 12.86% for the week as the asset now trades at 12.80% with a market cap of $491,596,332. The asset also had a trading volume of $2,165,768 as of the time of publication.

Weekly Analysis: Ripple Dominates with Impressive Weekly Stats

Table of Contents

BlockchainReporter

Other articles published on Jun 4, 2023

5 Altcoins Set to EXPLODE in Polkadot’s Ecosystem

Bitcoin Price Analysis: Bid Above 27074 Target - 4 June 2023

FTX debtors dispute Genesis’ claim of zero value for ‘critical’ claims.

5 Altcoins Under $1 that can Make Millionaires in the Next Bull Run

Shiba Inu and Tradecurve Price Forecast, Ethereum Price Continues

Stablecoin risks and how to overcome them | Opinion

Join our free newsletter for daily crypto updates!