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Digital Asset Insights 18.04.23

This summarizes the performance of popular cryptocurrencies, including daily trading volumes, market capitalization, and price fluctuations. With these insights, you can make informed decisions about your investments.

Bitcoin (BTC)

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BTC experienced a mixed week in terms of performance against the USD. On Monday, April 10, BTC was trading at $29,641.0, but it experienced a significant drop to $28,326.5 on Tuesday, April 11, which was a decrease of -4.43%. However, BTC bounced back on Wednesday, April 12, with a gain of 1.92% to trade at $30,209.6.

 

On Thursday, April 13, BTC continued to gain with a 1.68% increase to trade at $30,387.4. This was followed by another positive day on Friday, April 14, when BTC traded at $30,472.5, an increase of 0.28%.

 

However, the positive trend was short-lived as BTC experienced a drop on Saturday, April 15, with a -0.57% decrease in its value to trade at $30,299.6. BTC's value continued to decline on Sunday, April 16, with a further -0.04% decrease in its value, closing at $30,310.3.

 

The trading volume for BTC was relatively high during the week, with an average daily volume of 60.24K. The highest trading volume was recorded on April 14, with 98.38K BTC traded.

Ethereum (ETH)

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ETH experienced a mix of gains and losses throughout the week against the USD. On Sunday, April 10, ETH was trading at $1,910.36 and it experienced a slight increase to trade at $1,916.58 on Tuesday, April 11. However, ETH then experienced a decrease in its value, with a -1.07% decrease on Tuesday, closing at $1,889.86.

 

On Wednesday, April 12, ETH experienced a slight gain, with a 1.41% increase in its value to trade at $1,916.58. ETH's value continued to increase on Thursday, April 13, with a 4.98% increase to trade at $2,012.11.

 

The positive trend continued Friday, April 14, with a 4.37% increase in ETH's value, closing at $2,099.98. However, on Saturday, April 15, ETH experienced a slight decrease of -0.45% to trade at $2,090.59.

 

ETH ended the week on a positive note, with a 1.37% increase in its value on Sunday, April 16, to trade at $2,119.29. The trading volume for ETH was relatively high during the week, with an average daily volume of 612.48K. The highest trading volume was recorded on April 14, with 957.03K ETH traded.

Ripple (XRP)

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XRP is a cryptocurrency that saw some fluctuations in its value over the course of the week. On April 10, the price of XRP was 0.51766 USD and it fluctuated between 0.50539 USD and 0.52421 USD. The week's highest price was 0.54532 USD on April 14, while the lowest price was 0.49990 USD on April 12.

 

On April 16, XRP closed at a price of 0.52089 USD, which represented a 0.31% increase from the previous day. The trading volume for XRP was 221.06M USD on April 16, and it had a market capitalization of approximately 22.45 billion USD.

 

On April 14, XRP saw a significant increase in its value, rising to 0.52269 USD, representing a 2.00% increase from the previous day. However, it fell to 0.51244 USD on April 13, representing a 1.53% increase from the previous day.

Cardano (ADA)

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Cardano (ADA) is a cryptocurrency that has experienced fluctuations in its price over the past week. On April 10, the coin was trading at 0.3971 USD and over the following days, it saw both gains and losses. On April 16, the price closed at 0.4513 USD, which represented a slight decrease of 0.18% from the previous day's closing price of 0.4521 USD.

 

On April 15, ADA saw an increase in its value of 3.20%, closing at 0.4521 USD. The coin traded within a range of 0.4381 USD to 0.4604 USD during the day, with a trading volume of 207.59 million USD.

 

The price of ADA on April 14 was 0.4381 USD, which was a 3.05% increase from the previous day. The cryptocurrency traded within a range of 0.4251 USD to 0.4440 USD, with a trading volume of 277.14 million USD.

 

On April 13, ADA traded within a range of 0.4044 USD to 0.4286 USD, with a trading volume of 201.53 million USD. The coin closed the day at 0.4251 USD, which represented a 5.13% increase from the previous day's closing price.

 

On April 12, ADA traded within a range of 0.3888 USD to 0.4067 USD, with a trading volume of 166.96 million USD. The coin closed the day at 0.4044 USD, which was a 0.72% increase from the previous day's closing price.

Solana (Sol)

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Solana (SOL) opened the week at a price of $20.904 on April 10, 2023. The cryptocurrency saw a steady rise in its value in the following days, hitting a weekly high of $25.457 on April 16, 2023. This marks an increase of 21.88% in just six days.

 

On April 11, 2023, SOL saw a significant increase of 9.94%, reaching a price of $22.982. This surge was followed by another increase of 3.50% on April 12, 2023, bringing the price of SOL to $23.788.

 

The cryptocurrency continued to rise steadily, reaching a price of $24.723 on April 14, 2023. The following day, SOL saw a slight increase of 1.17%, trading at $24.437.

 

However, on April 15, 2023, SOL experienced a dip in its value, losing 2.73% of its price and trading at $24.047. This downward trend was short-lived, as the cryptocurrency quickly bounced back, trading at $25.360 on April 16, 2023, representing an increase of 5.46%.

 

Throughout the week, SOL had a trading volume of 49.05 million SOL tokens, with a peak of 13.85 million tokens on April 12, 2023.

 

SOL had a positive week, experiencing a steady increase in its value, and ending the week at $25.360, reflecting a significant increase in its value over the week.

Binance Coin (BNB)

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Binance Coin (BNB) had a relatively stable week, with some fluctuations in its price. On April 10, the coin opened at $318.59 and closed at $312.80, with a trading volume of 280.32K. The price continued to rise over the next few days, reaching $347.70 on April 16, with a trading volume of 656.26K. This represented a gain of 4.41% for the day.

 

On April 15, BNB opened at $333.00 and closed at $328.81, with a trading volume of 433.13K, representing a gain of 1.28%. The coin continued to rise the next day, opening at $328.80 and closing at $324.60, with a trading volume of 705.88K. This represented a gain of 1.29% for the day.

 

On April 13, BNB opened at $324.60 and closed at $319.90, with a trading volume of 359.08K, representing a gain of 1.50%. The coin continued to decline on April 14, opening at $319.80 and closing at $324.60, with a trading volume of 368.20K. This represented a loss of 0.75% for the day.

 

BNB saw a gain of 1.14% on April 11, opening at $322.21 and closing at $318.59, with a trading volume of 686.32K. The coin continued to rise on April 12, opening at $318.59 and closing at $322.21, with a trading volume of 368.20K. This represented a loss of 0.75% for the day.

 

BNB saw relatively minor fluctuations in price throughout the week, with a gain of 4.41% on April 16 being the largest change.

Dogecoin (DOGE)

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Dogecoin has been relatively stable over the past week. On April 10th, the coin was trading at 0.084797 USD, and it has since fluctuated within a relatively narrow range. As of April 16th, the price of Dogecoin had risen slightly to 0.090465 USD, representing a 1.77% increase over the week.

 

On April 13th, the coin experienced a significant jump in price, rising 4.73% from the previous day. However, this was followed by a slight decrease of 0.87% on April 12th.

 

Trading volume has also fluctuated over the past week, with the highest volume occurring on April 14th, with a total of 2.9 billion Dogecoins traded. As of April 16th, the trading volume had decreased to 1.53 billion Dogecoins.

 

Dogecoin's price has remained relatively stable over the past week, with minor fluctuations in both price and trading volume. It is worth noting that Dogecoin has a history of volatility, and its price can be influenced by a variety of factors, including social media buzz, celebrity endorsements, and market sentiment towards cryptocurrency as a whole.

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