View Daily Crypto Trends

8th July 2023: Weekly Crypto Trends

Crypto Assets
Bitcoin is little changed on the week; Ethereum dips and finds short term support at 1840.
Secondary Coins were generally down small on the week with the exception of Solana, which saw a gain of 13.9%, and Polygon up 2.3%. The worst loser was Stellar, with a loss of 12.3%.
Crypto related equities were sharply better on the week, with a 31% gain in Riot and a 19.4% gain in Hive. Riot, Microstrategy, Marathon and Hive all make new short term highs.

Headlines
The Bored Apes NFT floor prices have fallen sharply in the last quarter with a fall of 50% , leading to a recent floor price low of $60,000. At that level the price decline is 88% from highs.
Bitcoin miners have benefited from a sharp rise in transaction fees this past quarter due to the increased popularity of BRC-20 tokens and Ordinals, according to analytics firm Coin Metrics.
Gemini Trust Company has sued Digital Currency Group for fraud, accusing DCG, parent company of bankrupt firm Genesis, and its founder of making “false, misleading, and incomplete representations and omissions to Gemini.”

Major Coin Summary
NameCloseDaily Ch %Wk ChWk Ch %RSIST ScoreLT ScoreOverall
Bitcoin30,375.671.5%-114.87-0.4%6042010
Ethereum1,872.341.2%-61.03-3.2%50802

Bitcoin is little changed on the week; Ethereum dips and finds short term support at 1840.

Ratio Chart
Secondary Coin Summary

Weekly change – highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
Solana (Smart Contract Coin)21.5813.9%52-75-88-85
Polygon (Smart Contract Coin)0.682.3%35-75-47-54
THORChain (Smart Contract Coin)1.03-0.6%45-75-88-85
Cardano (Smart Contract Coin)0.28-0.8%33-75-88-85
Decentraland (Gaming Coin)0.38-0.7%39-75-88-85
Theta Token (Gaming Coin)0.73-0.2%42-75-88-85
The Sandbox (Gaming Coin)0.420.4%38-75-88-85
BNB Chain Native Token (Smart Contract Coin)235.92-1.9%31-75-47-54
Cosmos (Smart Contract Coin)9.19-1.2%40-75-88-85
XRP (Smart Contract Coin)0.47-1%428-41-29
Polkadot (Cross Chain Coin)5.12-1.2%47-75-92-88
Monero (Privacy Coin)165.52-1.8%638-47-34
DogeCoin (Memecoin)0.07-1.4%44-75-88-85
Avalanche (Smart Contract Coin)12.76-2.2%44-75-88-85
ChainLink (Cross Chain Coin)6.16-2.4%47-75-88-85
Near (Smart Contract Coin)1.34-3.3%41-83-88-87
Fantom (Smart Contract Coin)0.27-11.9%43-83-88-87
Stellar (Privacy Coin)0.10-12.3%538-92-67

Secondary Coins were generally down small on the week with the exception of Solana, which saw a gain of 13.9%, and Polygon up 2.3%. The worst loser was Stellar, with a loss of 12.3%.

NameCloseDaily Ch %Wk Ch %RSIST ScoreLT ScoreOverall
Ark Innovation ETF43.731.1%-0.9%638-88-64
Block Inc67.274.1%1.1%62-33-92-78
Coinbase Global Inc Cl A78.720.8%10%6542-92-59
Hive Blockchain Technologies Ltd5.536.8%19.4%831008891
Marathon Digital Hldgs Inc15.672.3%13.1%73100-88-42
Microstrategy Cl A380.741.1%11.2%6692022
Riot Blockchain Inc15.4814.3%31%6492022
Robinhood Markets Inc Cl A10.793.7%8.1%6942-88-56
Tesla Inc274.43-0.8%4.8%7183-89-47

Crypto related equities were sharply better on the week, with a 31% gain in Riot and a 19.4% gain in Hive. Riot, Microstrategy, Marathon and Hive all make new short term highs.