Cardano (ADA) Falls 13% Weekly, Bitcoin Flat at $19K (Weekend Watch)

After the increased volatility at the end of the work week, bitcoin has calmed down and is firm at $19,000.

Most altcoins are also pretty stagnant now. However, on a weekly scale, there are some clear winners, such as Huobi Token, and losers, such as Cardano.

Bitcoin Calms at $19K

The latest US inflation numbers – 8.2% – announced on Thursday returned some of the recently lost volatility in the crypto markets, pushing bitcoin from $19,000 south to a multi-week low of $18,200.

That was just the start of it, as the asset took off and skyrocketed by nearly $2,000 in hours. This resulted in a price jump to $20,000 for the first time in over a week.

However, the bears recalled their presence at this point and drove BTC south again. The decline came along with the huge losses on Wall Street on Friday and pushed bitcoin down to $19,000. Since then, the cryptocurrency has remained relatively stable and is just north of that line.

Like yesterday, the market capitalization has stopped below $370 billion, and the dominance over the alternative coins is at 40%.

ADA’s weekly loss

The altcoins went through similar roller coasters at the end of the working week, but the start of the weekend has seen less price movement.

Ethereum is down less than 1%, but the asset remains below $1,300. Binance Coin, Ripple and Solana have retreated by similar percentages on a daily scale.

Although Cardano is slightly in the green on a 24-hour scale, ADA is actually down more than 13% in the past week. As such, it is struggling well below $0.4.

Dogecoin, Polkadot and Shiba Inu are up up to 1% in a day, while Tron – yesterday’s best performer – has retreated 3% now.

Overall, the cumulative market capitalization of all crypto assets has remained flat at just under $920 billion on CoinMarketCap.