Bitcoin, Ether & Major Altcoins: Weekly Market Update - April 18, 2022
Get a comprehensive overview of the cryptocurrency market with our weekly update covering Bitcoin, Ethereum, and major altcoins for the week of April 18, 2022. We'll delve into price movements, key trends, and significant news shaping the digital asset landscape.
Bitcoin (BTC) Performance
Bitcoin (BTC) ended the week up ~2% and trading just above US$40,000. Bitcoin ’s market dominance has surged from 40.70% to 41.24%, as the largest cryptocurrency continues to hold its ground.
Ethereum (ETH) Analysis
In contrast to Bitcoin's modest gain, Ethereum (ETH) experienced a notable decline on April 18th. CoinMarketCap data indicated a 1.41% drop, bringing the price down to $1,574.09. Examining earlier data shows further volatility. Ethereum (ETH): Ethereum price decreased by 4.05% to $2918 in the last 24 hours. In the last 7 days, ETH price has decreased by 5.13%.
Altcoin Insights & Market Trends
The total crypto market cap erased $77 billion from its value in the last seven days and now stands at $1.81 billion. The total crypto market cap erased $32 billion from its value in the last seven days. Discover the latest developments, trends, price movements, industry news, and get a comprehensive overview of the crypto landscape with the Ndax Weekly TL;DR.
Three crypto traders shared their perspectives on Bitcoin, suggesting it could plunge further to around $30,000 in the near term before resuming its bullish stride, and also highlighted 4 major altcoins and trends. We'll explore those insights and other notable altcoin performances this week.
Top Cryptocurrencies by Market Cap (April 18, 2022)
Here's a snapshot of the top cryptocurrencies as of this week:
| Name | Price | 1H % Change |
|---|---|---|
| Bitcoin (BTC) | $104,708.81 | 0.18% |
| Ethereum (ETH) | $2,523.46 | 0.32% |
| Tether (USDT) | $1.00 | 0.01% |
| XRP (XRP) | $2.17 | 0.47% |
*Note: Prices are illustrative and may not be current.
Ethereum (ETH), and Binance-coin (BNB), the 2nd and 4th largest assets on the Brave New Coin Market show general trends within altcoins at this point in time.
Latest Cryptocurrency News & Technical Outlook
Let's take a quick look at the top 5 latest cryptocurrency market news and the technical outlook for the leading crypto coins, Ether (ETH) and ApeCoin (APE).
Stay tuned for more updates on the ever-evolving cryptocurrency market. We are dedicated to providing leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates.