2nd July 2023: Weekly Crypto Trends
Crypto Assets
Bitcoin and Ethereum are little changed on the week and remain at tops of short term ranges.
Secondary Coins are generally lower on the week, with exceptions being Stellar, which rallied 24%, Solana up 10% and Monero up 8.9%. Stellar makes a new short term high, while Monero tests the top of the short term range. Solana has found support above 17.
Crypto related equities make ground as Indices also rallied. Coinbase was the largest gainer at 16.4%, followed by Hive at 11.6% and Marathon at 9%. Hive and Marathon makes new short term highs.
Headlines
Bitcoin market dominance reaches 58%, as Bitcoin is perceived as safe haven in the regulatory crackdown while other smaller coins continue to lose ground.
Melania Trump issues NFT collection featuring cliched American imagery.
A recent survey conducted by polling company YouGov found was that not many people have an idea what Web 3 is, even if they heard of it. 37% of respondents said they were not aware of Web3 at all.
Major Coin Summary
| Name | Close | Daily Ch % | Wk Ch | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|---|
| Bitcoin | 30,490.54 | 0.1% | -184.92 | -0.6% | 63 | 42 | 0 | 10 |
| Ethereum | 1,933.37 | 4.3% | 40.37 | 2.1% | 56 | 8 | 0 | 2 |
Bitcoin and Ethereum are little changed on the week and remain at tops of short term ranges.
Ratio Chart
Secondary Coin Summary
Weekly change – highest to lowest
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| Stellar (Privacy Coin) | 0.11 | 24% | 67 | -33 | -92 | -78 |
| Solana (Smart Contract Coin) | 18.94 | 10.3% | 49 | -75 | -88 | -85 |
| Monero (Privacy Coin) | 168.48 | 8.9% | 61 | -33 | -47 | -44 |
| THORChain (Smart Contract Coin) | 1.04 | 5.6% | 46 | -75 | -88 | -85 |
| ChainLink (Cross Chain Coin) | 6.31 | 4% | 50 | -75 | -88 | -85 |
| Polkadot (Cross Chain Coin) | 5.19 | 1.6% | 49 | -75 | -92 | -88 |
| Near (Smart Contract Coin) | 1.39 | -0.2% | 42 | -75 | -88 | -85 |
| Cosmos (Smart Contract Coin) | 9.30 | -0.3% | 40 | -75 | -88 | -85 |
| BNB Chain Native Token (Smart Contract Coin) | 240.54 | -1.7% | 31 | -83 | -47 | -56 |
| Avalanche (Smart Contract Coin) | 13.05 | -1.9% | 44 | -75 | -88 | -85 |
| Decentraland (Gaming Coin) | 0.39 | -1.3% | 40 | -75 | -88 | -85 |
| Fantom (Smart Contract Coin) | 0.30 | -2.4% | 46 | -75 | -88 | -85 |
| Polygon (Smart Contract Coin) | 0.66 | -2.1% | 34 | -75 | -47 | -54 |
| DogeCoin (Memecoin) | 0.07 | -2.6% | 45 | -83 | -88 | -87 |
| Cardano (Smart Contract Coin) | 0.29 | -3.3% | 36 | -75 | -88 | -85 |
| Theta Token (Gaming Coin) | 0.73 | -3.4% | 40 | -75 | -88 | -85 |
| XRP (Smart Contract Coin) | 0.47 | -4.5% | 53 | 8 | -41 | -29 |
| The Sandbox (Gaming Coin) | 0.42 | -4.1% | 42 | -83 | -88 | -87 |
Secondary Coins are generally lower on the week, with exceptions being Stellar, which rallied 24%, Solana up 10% and Monero up 8.9%. Stellar makes a new short term high, while Monero tests the top of the short term range. Solana has found support above 17.
| Name | Close | Daily Ch % | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|
| Ark Innovation ETF | 44.14 | 0.8% | 4.7% | 66 | 42 | -88 | -56 |
| Block Inc | 66.57 | 3.4% | 5.9% | 58 | -33 | -92 | -78 |
| Coinbase Global Inc Cl A | 71.55 | -1.2% | 16.4% | 62 | 8 | -92 | -67 |
| Hive Blockchain Technologies Ltd | 4.63 | 0% | 11.6% | 77 | 92 | 88 | 89 |
| Marathon Digital Hldgs Inc | 13.86 | 0.3% | 9% | 68 | 92 | -88 | -44 |
| Microstrategy Cl A | 342.42 | 0.6% | 4% | 63 | 83 | -41 | -10 |
| Riot Blockchain Inc | 11.82 | 1.4% | 1.9% | 53 | 75 | 0 | 18 |
| Robinhood Markets Inc Cl A | 9.98 | 0.1% | 5.2% | 68 | 8 | -88 | -64 |
| Tesla Inc | 261.77 | 1.7% | 2% | 74 | 50 | -92 | -57 |
Crypto related equities make ground as Indices also rallied. Coinbase was the largest gainer at 16.4%, followed by Hive at 11.6% and Marathon at 9%. Hive and Marathon makes new short term highs.