The chaos unleashed by the bankruptcy of FTX for many represented the tombstone for a market that, in reality, has already experienced many similar moments. Indeed, after a weight loss to say the least, the crypto market is starting to push upwards again.
bitcoins, for example, turned green with a weekly +2.75% and minimal growth in 24 hours. Its exchange value per single token is currently $17,010 (Source: CoinMarketCap) for a capitalization of almost 327 billion.
Ethereum follows the same script, with a +3.67% in the seven days and a slight daily decrease, equal to 0.76%. ETH trades at $1,259 and its Market Cap is $154 billion.
The third highest step (net of stablecoins) for BNB is now stable. The asset of the Binance Chain, however, follows a path of its own and is in a phase of significant decline. Unchanged over 24 hours, its weekly decline is 7.31%.
The remaining positions are constantly evolving and alternating. Ripple it has been dominating the others for weeks now after making the first pass on Cardano, despite the switch to Vasil for the IOHK blockchain. XRP trades at $0.38 for a cap of almost 20 billion, with a particularly large gap compared to the rear DOGE, ADA and MATIC.
Paired between 14 and 8 billion in capitalization, in fact, we find these three aggressive assets. Dogecoin, fresh from a sensational rally due to the acquisition of Twitter by Elon Musk, trades at $0.10 per token, while Cardano is stable at $0.32 and the Polygon asset follows at $0.91the only one of the trio to show a weekly growth of +6.24%.