The crypto currency market also closed the end of this weekend. With the withdrawal of the Bitcoin price up to $ 81,770, investors entered a worried wait. In the Altcoin market, the losses were even harder. During the week, some tokens such as PI and HYPE lost more than 20 %, while powerful projects such as Ethereum and XRP have also attracted attention.

Bitcoin fell from 90 thousand hope to 81 thousand dollars

Last week, Bitcoin maintained its horizontal course by exhibiting a cramped price movement at 84 thousand dollars. However, with the rise that came on Sunday evening last week, the price suddenly increased to $ 88.474 and investors had a short time hope. While the target of 90 thousand dollars was discussed, the direction of the market rapidly reversed. In the middle of the week, BTC trying to hold on the range of 86-88 thousand dollars, fell to $ 83,700 on Friday.

Within 24 hours following this decrease, sales pressure increased even more. On Saturday evening, Bitcoin saw $ 81,770, the lowest level of 12 days. Although there is a slight recovery from this level, the overall picture is still weak, although it is returned to the 83 thousand dollar band. While the market value of the BTC is below $ 1.65 trillion, the total market dominance is around 59 %.

Hard losses on the Altcoin front: muscle, PI and Hype

With the decrease in Bitcoin, the Altcoin market was painted red. Ethereum closed the week around $ 1,800 with 8.6 %loss. XRP experienced a decrease of 8.7 %. Especially, although the SEC case has ended, the continuation of this decline reveals the cautious attitude of investors.

BNB, Solana, Cardano and other major Altcoins experienced losses ranging from 2 %to 4 %. One of the most valuable losses of the week was Kaspa (muscle), which had a decrease of 16.5 %. However, the hardest decreases this week PI and Hype Tokens experienced. Both projects lost more than 20 %in a week and entered the radar of investors. Despite all these negativities, there are exceptions in the market. While the water closed the week with an increase of 7 %, CRO drew attention with an increase of 31.5 %. But the general appearance is negative. The total value of the crypto market melted $ 200 billion in a week and fell below 2.8 trillion dollars. This decrease may be a sign that investors will remain cautious in the short term.