Crypto Market Takes a Breather as Bitcoin Sits on the Fence

After a week of gains, the crypto market has cooled down slightly, presenting a mixed bag of winners and losers.

Man sitting and waiting patiently Looking at a huge clock
  • The market has appeared to be taking a breather after a week of explosive growth.
  • Despite the mixed performance, the overall sentiment in the market has remained positive.
  • The leading cryptocurrency has remained relatively flat, suggesting potential future movement.

After a week of explosive growth, the cryptocurrency market entered a more subdued phase, with only four out of the top 10 non-stablecoin cryptocurrencies experiencing gains. While this might sound like a downturn, the overall sentiment remains optimistic, suggesting a possible upward trend continuation.

Crypto Market Sees Mixed Bag

Leading the charge was Binance Coin (BNB), surging an impressive 8.85%. This performance set the tone for the week, with Ethereum (ETH) following closely behind with an 8.7% rise. Dogecoin (DOGE) and Tron (TRX) also joined the positive momentum, climbing 3.2% and 2%, respectively. 

However, the leaderboard wasn’t all sunshine. Avalanche (AVAX), Solana (SOL), and Chainlink’s LINK witnessed the steepest declines, losing 8.2%, 7.8%, and 6%, respectively. Cardano (ADA) and Ripple’s XRP weren’t far behind, dropping 5.9% and 2.25%, respectively. 


But wait, where’s Bitcoin? The undisputed heavyweight managed to stay practically flat, losing a mere 0.2% of its value over the past week. At the time of writing, however, it’s showing signs of life, climbing 1% and threatening to flip into the winners’ circle.

The Winners’ Podium

This week has been majority red for the major cryptocurrencies, with almost all cryptocurrencies losing ground. Here’s a breakdown of how the top 10 coins have fared, ranked by the highest percentage change:


  • BNB climbed 8.85% from $321.57 to $353.44
  • ETH climbed 8.7% from $2,810 to $3,060
  • DOGE climbed 3.2% from $0.0838 to $0.087
  • TRX climbed 2% from $0.135 to $0.138


  • AVAX lost 8.2% from $40.37 to $37.10
  • SOL lost 7.8% from $112.16 to $103.31
  • LINK lost 6% from to $19.98 to $18.74
  • ADA lost 5.9% from $0.6265 to $0.5875
  • XRP lost 2.25% from $0.557 to $0.546
  • BTC lost 0.2% from $51,880 to $51,780

This is just a snapshot of the current market conditions at the time of writing. Cryptocurrency prices are constantly fluctuating, so it’s important to do your own research before making any investment decisions.

On the Flipside

  • While Bitcoin often sets the tone, its flat performance suggests it might not drive the recent market movement.
  • The cryptocurrency market constantly changes, and today’s winners might not be the same tomorrow.

Why This Matters

While this week might not have mirrored the previous one’s exuberance, the overall sentiment within the crypto space remains positive. The gains experienced by several key players and Bitcoin’s potential resurgence suggest that the bullish outlook might persist in the coming weeks.


Curious about what factors might affect Bitcoin’s price before the halving and what predictions analysts are making, read here:
Bitcoin Whales Are Betting Big on a Pre-Halving Sinkhole

To learn more about Satoshi Nakamoto’s early thoughts on Bitcoin’s potential beyond finance and his concerns about energy consumption, legal issues, read here:
Satoshi Nakamoto Knew About Bitcoin’s “Dirty” Secret

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Kyle Calvert

Kyle Calvert is a cryptocurrency news reporter for DailyCoin, specializing in Ripple, stablecoins, as well as price and market analysis news. Before his current role, Kyle worked as a student researcher in the cryptocurrency industry, gaining an understanding of how digital currencies work, their potential uses, and their impact on the economy and society. He completed his Masters and Honors degrees in Blockchain Technology within Esports and Business and Event management within Esports at Staffordshire University.