Weekly Market Update (Week 1, 3/1/2022 – 9/1/2022)

Bitcoin ($BTC) tumbles to $40,600. Chainlink soars in bear market conditions

Jan 10, 2022

Key Takeaways

Highlights

Market Index Tokens

MetricsPriceVolumeVolatility
Top GainersLINK (+25.79%)LINK (+164.20%)
ATOM (+107.91%)
XTZ (+68.80%)
ETH (+79.65%)
XTZ (+69.54%)
ATOM (+32.27%)
Top LosersXMR (-22.29%)
DOT (-18.27%)
ETH (-17.71%)
XMR (-20.58%)
ADA (-7.56%)
ADA (-43.53%)
DOT (-29.15%)
XMR (-28.92%)
BenchmarkBTC (-11.99%)BTC (+38.05%)BTC (+8.51%)
MetricsTop Gainers
PriceLINK (+25.79%)
VolumeLINK (+164.20%)
ATOM (+107.91%)
XTZ (+68.80%)
VolatilityETH (+79.65%)
XTZ (+69.54%)
ATOM (+32.27%)
MetricsTop Losers
PriceXMR (-22.29%)
DOT (-18.27%)
ETH (-17.71%)
VolumeXMR (-20.58%)
ADA (-7.56%)
VolatilityADA (-43.53%)
DOT (-29.15%)
XMR (-28.92%)
MetricsBenchmark
PriceBTC (-11.99%)
VolumeBTC (+38.05%)
VolatilityBTC (+8.51%)
* Market index tokens: BTC, ETH, XMR, LINK, EOS, XLM, XTZ, ATOM, ADA, DOT

Notable Events

  • Bitcoin (BTC) slipped below $44,000 shortly after notes from the Federal Reserve’s December Federal Open Market Committee (FOMC) session re-confirmed plans to hike interest rates in 2022. (ref)
  • Over the past 24 hours, some whales on the top 1,000 ETH list have purchased large amounts of Chainlink (LINK), Polygon (MATIC) and FTX (FTX), continuing to bet on these coins while the declining BTC is pushing the whole market to the south. (ref)

DeFi Tokens

MetricsPriceVolumeVolatility
Top GainersLINK (+25.79%)LINK (+164.20%)UMA (159.77%)MKR (77.51%)UMA (87.50%)NXM (76.25%)SNX (73.19%)
Top LosersLRC (-26.06%)
CRV (-21.80%)
AAVE (-18.15%)
NXM (-31.07%)
AAVE (-9.39%)
YFI (-46.10%)
CRV (-32.50%)
BAL (-19.19%)
BenchmarkLINK (+25.79%)LINK (+164.20%)LINK (+21.34%)
MetricsTop Gainers
PriceLINK (+25.79%)
VolumeLINK (+164.20%)UMA (159.77%)MKR (77.51%)
VolatilityUMA (87.50%)NXM (76.25%)SNX (73.19%)
MetricsTop Losers
PriceLRC (-26.06%)
CRV (-21.80%)
AAVE (-18.15%)
VolumeNXM (-31.07%)
AAVE (-9.39%)
VolatilityYFI (-46.10%)
CRV (-32.50%)
BAL (-19.19%)
MetricsBenchmark
PriceLINK (+25.79%)
VolumeLINK (+164.20%)
VolatilityLINK (+21.34%)
* DeFi tokens: LINK, YFI, AAVE, SNX, UNI, COMP, MKR, UMA, REN, LRC, NXM, BAL, CRV

Notable Events

  • Popular oracle network Chainlink (LINK) had soared by 33.4% in the week ended Friday. Much of the rise has been attributed to the utility that this oracle network provides for the crypto sector in general. (ref) (ref)
  • Aave (AAVE) has launched its institutional product, Aave Arc, which will initially be open to 30 institutions that have been whitelisted by Fireblocks. (ref)

Other Tokens

Price Change (%)NFTGamingMeme
Top Gainers
Top LosersUOS (-20.98%)
ENJ (-19.18%)
FET (-18.49%)
AXS (-24.99%)
MBOX (-24.4%)
ILV (-22.6%)
HOGE (-20.7%)
PEPECASH (-16.36%)
SHIB (-16.15%)
Price Change (%)Top Gainers
NFT
Gaming
Meme
Price Change (%)Top Losers
NFTUOS (-20.98%)
ENJ (-19.18%)
FET (-18.49%)
GamingAXS (-24.99%)
MBOX (-24.4%)
ILV (-22.6%)
MemeHOGE (-20.7%)
PEPECASH (-16.36%)
SHIB (-16.15%)
*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

Notable Events

  • Shiba Inu (SHIB) has launched a Beta version of DAO to give users more authority over crypto projects. The Dogecoin rival aims to provide its users with more control over crypto projects and pairs on the ShibaSwap platform. (ref)
  • While the market itself is on the decline, two crypto whales acquired more than 6.5 billion SHIB tokens within one hour on Sunday. (ref)

Tags

crypto

Crypto market

crypto news

Market Updates

Share with Friends

Ready to start your crypto journey?

Get your step-by-step guide to setting up an account with Crypto.com

By clicking the Get Started button you acknowledge having read the Privacy Notice of Crypto.com where we explain how we use and protect your personal data.
Mobile phone screen displaying total balance with Crypto.com App

Common Keywords: 

Ethereum / Dogecoin / Dapp / Tokens