View Trump NFT Collection

7th January 2024: Weekly Crypto Trends

Bitcoin rallies 5% on the week and tests the top of the range again. Ethereum is little changed and remains above support at 2120
Secondary coins were lower on the week with falls of around 10%. Thorchain consolidates to support at 5 and Cosmos finds some support at 10. Most coins now trade mid-range after correcting recent gains.
Crypto related equities generally fell last week as the Nadaq 100 fell by 3%. Block was down 13.4%, followed by Coinbase at 11.5%. The latter now tests support at 150. Marathon was the exception with a gain of 2.7%

Bloomberg analysts suggest there is a 90% chance of a Bitcoin ETF being approved by 10th January.

See the final 12 days of Crypto at this link!! https://planetcrypto.co/.

Major Coin Summary
NameCloseDaily Ch %Wk ChWk Ch %RSIST ScoreLT ScoreOverall
Bitcoin44,162.69-0%2063.294.9%62424746
Ethereum2,268.65-0%-32.04-1.4%58877

Bitcoin rallies 5% on the week and tests the top of the range again. Ethereum is little changed and remains above support at 2120.

Ratio Chart
Secondary Coin Summary

Weekly change – highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
BNB Chain Native Token (Smart Contract Coin)317.451.1%7650-88-54
THORChain (Smart Contract Coin)5.23-1.9%39754754
Near (Smart Contract Coin)3.55-2%6775-41-12
Cosmos (Smart Contract Coin)10.31-6.2%5542-88-56
Solana (Smart Contract Coin)99.98-6%65758885
Monero (Privacy Coin)155.90-6.5%440-41-31
XRP (Smart Contract Coin)0.58-7.5%45075
Stellar (Privacy Coin)0.12-8.1%500-45-34
Avalanche (Smart Contract Coin)36.43-9.4%6575018
ChainLink (Cross Chain Coin)14.07-9.5%4975018
DogeCoin (Memecoin)0.08-9.1%520-41-31
Theta Token (Gaming Coin)1.15-9.7%5675-88-48
Polkadot (Cross Chain Coin)7.45-10.2%6275-45-15
Decentraland (Gaming Coin)0.46-10.6%5242-88-56
The Sandbox (Gaming Coin)0.51-10.9%5942-88-56
Fantom (Smart Contract Coin)0.42-11.1%6175-41-12
Cardano (Smart Contract Coin)0.54-11.1%6275-41-12
Polygon (Smart Contract Coin)0.85-12.5%5542-88-56

Secondary coins were lower on the week with falls of around 10%. Thorchain consolidates to support at 5 and Cosmos finds some support at 10. Most coins now trade mid-range after correcting recent gains.

Trend score – best to worst

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
Solana (Smart Contract Coin)99.98-6%65758885
THORChain (Smart Contract Coin)5.23-1.9%39754754
Avalanche (Smart Contract Coin)36.43-9.4%6575018
ChainLink (Cross Chain Coin)14.07-9.5%4975018
XRP (Smart Contract Coin)0.58-7.5%45075
Near (Smart Contract Coin)3.55-2%6775-41-12
Fantom (Smart Contract Coin)0.42-11.1%6175-41-12
Cardano (Smart Contract Coin)0.54-11.1%6275-41-12
Polkadot (Cross Chain Coin)7.45-10.2%6275-45-15
Monero (Privacy Coin)155.90-6.5%440-41-31
DogeCoin (Memecoin)0.08-9.1%520-41-31
Stellar (Privacy Coin)0.12-8.1%500-45-34
Theta Token (Gaming Coin)1.15-9.7%5675-88-48
BNB Chain Native Token (Smart Contract Coin)317.451.1%7650-88-54
Cosmos (Smart Contract Coin)10.31-6.2%5542-88-56
Polygon (Smart Contract Coin)0.85-12.5%5542-88-56
Decentraland (Gaming Coin)0.46-10.6%5242-88-56
The Sandbox (Gaming Coin)0.51-10.9%5942-88-56
NameCloseDaily Ch %Wk Ch %RSIST ScoreLT ScoreOverall
Ark Innovation ETF48.90-0%-6.6%578-45-32
Block Inc66.96-1.7%-13.4%5942-92-59
Coinbase Global Inc Cl A153.98-1%-11.5%6175-415
Hive Blockchain Technologies Ltd4.15-4.6%-8.4%59424746
Marathon Digital Hldgs Inc24.12-8.2%2.7%6775018
Microstrategy Cl A631.08-3.8%-0.1%62758885
Riot Blockchain Inc14.83-6.5%-4.1%5842-41-20
Robinhood Markets Inc Cl A11.89-0.8%-6.7%6942-41-20
Tesla Inc237.49-0.2%-4.4%510-92-69

Crypto related equities generally fell last week as the Nadaq 100 fell by 3%. Block was down 13.4%, followed by Coinbase at 11.5%. The latter now tests support at 150. Marathon was the exception with a gain of 2.7%