Weekly Market Update (Week 7, 14/02/2022 – 20/02/2022)

Bitcoin falls to $38K on Sunday. Warren Buffett invests $1B in Bitcoin-friendly Nubank. Price, volume, and volatility indices all plummet.

Feb 21, 2022
Market Updates Week 07

Key Takeaways

  • Bitcoin (BTC) recovered from its latest dump to USD 42,000 and jumped to nearly $45,000 on Tuesday and Wednesday. However, the cryptocurrency failed to continue upwards and plummeted to a two-week low at $38,000 on Sunday.
  • Warren Buffett’s Berkshire Hathaway dumped a portion of its Visa and Mastercard holdings and invested $1 billion in the Bitcoin-friendly Nubank, the largest FinTech bank in Brazil that’s also popular among the country’s Bitcoin investors.
  • The general price, volume, and volatility indices were negative at -8.70%, -16.68%, and -6.40%, respectively.

Highlights

Check the latest prices on Crypto.com/Price.

Market Index Tokens

MetricsPriceVolumeVolatility
Top GainersXMR (+11.96%)
ETH (+3.21%)
ATOM (+2.17%)
Top LosersXTZ (-16.00%)
XMR (-11.57%)
DOT (-10.35%)
XTZ (-59.52%)
DOT (-26.99%)
ADA (-24.14%)
EOS (-35.18%)
LINK (-30.17%)
DOT (-29.80%)
BenchmarkBTC (-9.10%)BTC (-17.69%)BTC (-7.99%)
MetricsTop Gainers
Price
Volume
VolatilityXMR (+11.96%)
ETH (+3.21%)
ATOM (+2.17%)
MetricsTop Losers
PriceXTZ (-16.00%)
XMR (-11.57%)
DOT (-10.35%)
VolumeXTZ (-59.52%)
DOT (-26.99%)
ADA (-24.14%)
VolatilityEOS (-35.18%)
LINK (-30.17%)
DOT (-29.80%)
MetricsBenchmark
PriceBTC (-9.10%)
VolumeBTC (-17.69%)
VolatilityBTC (-7.99%)
* Market index tokens: BTC, ETH, XMR, LINK, EOS, XLM, XTZ, ATOM, ADA, DOT

Notable Events

  • Bitcoin (BTC) has fallen below the crucial $40,000 psychological barrier (again). (ref) The world’s No. 1 cryptocurrency hit a new low of $38,000 on Sunday, struggling to find support while whales remain sidelined (ref). 
  • Vitalik Buterin, co-founder of the Ethereum’s (ETH) blockchain said that crypto ‘welcomes’ another winter, and that the digital-asset universe may actually benefit from the current retreat in coin prices that’s cast a chill on investors. (ref)

DeFi Tokens

MetricsPriceVolumeVolatility
Top GainersBAL (+3.11%)UMA (+52.84%)
BAL (+35.13%)
SNX (+13.25%)
Top LosersREN (-17.01%) 
SNX (-14.65%)
AAVE (-13.39%)
NXM (-79.62%)
LRC (-51.03%)
REN (-40.49%)
UNI (-36.70%)
LRC (-36.03%)
LINK (-30.17%)
BenchmarkUNI (-11.08%)UNI (-4.54%)UNI (-36.70%)
MetricsTop Gainers
Price
VolumeBAL (+3.11%)
VolatilityUMA (+52.84%)
BAL (+35.13%)
SNX (+13.25%)
MetricsTop Losers
PriceREN (-17.01%) 
SNX (-14.65%)
AAVE (-13.39%)
VolumeNXM (-79.62%)
LRC (-51.03%)
REN (-40.49%)
VolatilityUNI (-36.70%)
LRC (-36.03%)
LINK (-30.17%)
MetricsBenchmark
PriceUNI (-11.08%)
VolumeUNI (-4.54%)
VolatilityUNI (-36.70%)
* DeFi tokens: LINK, YFI, AAVE, SNX, UNI, COMP, MKR, UMA, REN, LRC, NXM, BAL, CRV

Other Tokens

Price Change (%)NFTGamingMeme
Top GainersUOS (+20.02%)MBOX (+4.58%)
ALICE (+0.3%)
MANA (+0.28%)
Top LosersOMI (-19.73%)
FLOW (-17.05%)
OGN (-16.95%)
SAND (-18.54%)
ATLAS (-17.24%)
POLIS (-15.98%)
HOGE (-23.66%)
SHIB (-12.19%)
DOGE (-6.13%)
Price Change (%)Top Gainers
NFTUOS (+20.02%)
GamingMBOX (+4.58%)
ALICE (+0.3%)
MANA (+0.28%)
Meme
Price Change (%)Top Losers
NFTOMI (-19.73%)
FLOW (-17.05%)
OGN (-16.95%)
GamingSAND (-18.54%)
ATLAS (-17.24%)
POLIS (-15.98%)
MemeHOGE (-23.66%)
SHIB (-12.19%)
DOGE (-6.13%)
*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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