During Friday’s early morning trading sessions, the price of bitcoin plunged to a low of $38,250 per coin.
Out of all 12,000+ crypto-assets in existence, only five coins are up in terms of weekly gains. Theta fuel, ftx token, bittorrent old, osmosis, and ecomi still hold single-digit seven-day price increases compared to the rest of the crypto economy.
This week’s biggest losers include loop ring, pocket network, kadena, harmony, and near. All five of these coins lost 25% to 33% of their value during the last week. Delta Exchange CEO Says ‘Overall Outlook Remains Bearish,’ Globalblock Analyst Suggests Bitcoin May Be Undervalued, shared his analysis of bitcoin’s current market price with Bitcoin.com News. Balani says that the current outlook continues to remain in the bear’s favor.
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