Weekly Market Update (Week 8, 21/02/2022 – 27/02/2022)

Ukraine receives $4M from crypto community. BTC passes $36,000 despite Russia-Ukraine conflict. Price, volume, and volatility indices on the up.

Market Updates Week 08

Key Takeaways

  • Bitcoin (BTC) rose past USD 36,000 late last week on 24 February 2022, having traded between $34,000 and $40,000 despite headwinds from the Russia-Ukraine conflict.
  • The Ukrainian government crowdfunding appeal saw cryptocurrency transfers and donations with a combined value of more than $10 million and growing. The contributions were mainly in Bitcoin (BTC) and Ethereum (ETH), with additional contributions from proceeds of non-fungible token (NFT) sales.
  • The general price, volume, and volatility indices were positive at +2.24%, +30.02%, and +60.14%, respectively.

Highlights

Check the latest prices on Crypto.com/Price.

Market Index Tokens

MetricsPriceVolumeVolatility
Top GainersATOM (+9.68%)
DOT (+8.61%)
ETH (+4.53%)
XTZ (+68.21%)
DOT (+58.29%)
ADA (+57.58%)
LINK (+93.95%)
EOS (+92.73%)
ADA (+91.68%)
Top LosersADA (-5.26%)
XLM (-3.52%)
LINK (-2.25%)
XMR (-3.67%)
BenchmarkBTC (+1.86%)BTC (+27.06%)BTC (+59.64%)
* Market index tokens: BTC, ETH, XMR, LINK, EOS, XLM, XTZ, ATOM, ADA, DOT

Notable Events

  • Cryptocurrencies rose on Friday following a steep sell-off that saw around $150 billion wiped off the market after the Russia-Ukraine conflict. An intraday reversal in U.S. stocks on Thursday and throughout the trading session on Friday led major indices to close higher. This positive price movement trickled down to the rest of the cryptocurrencies.

DeFi Tokens

MetricsPriceVolumeVolatility
Top GainersREN (+16.43%)
UNI (+15.09%)
MKR (+5.73%)
NXM (+1305.79%)
REN (+82.76%)
MKR (+55.49%)
REN (+143.19%)
UNI (+120.65%)
LINK (+93.95%)
Top LosersCRV (-8.87%) 
UMA (-8.37%)
LRC (-6.34%)
BAL (-30.19%)UMA (-9.55%)
BenchmarkUNI (+15.09%)UNI (+15.08%)UNI (+120.65%)
* DeFi tokens: LINK, YFI, AAVE, SNX, UNI, COMP, MKR, UMA, REN, LRC, NXM, BAL, CRV

Other Tokens

Price Change (%)NFTGamingMeme
Top GainersUOS (+3.33%)YGG (+21.36%)
Top LosersOMI (-16.73%)
FET (-14.41%)
ENJ (-11.48%)
ATLAS (-19.72%)
MBOX (-18.44%)
POLIS (-16.33%)
HOGE (-17.49%)
DOGE (-10.15%)
SHIB (-8.43%)
*NFT tokens: THETA, CHZ, ENJ, FLOW, FET, WAX, OGN, UOS, OMI
*Gaming tokens: AXS, MANA, SAND, ALICE, YGG, MBOX, ILV, ATLAS, POLIS, DAWN
*Meme tokens: DOGE, SHIB, MONA, HOGE, PEPECASH
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