Last week, the crypto market navigated a mix of macroeconomic surprises and crypto-specific developments. Major assets demonstrated resilience amidst volatility.
Top Traded Cryptos of the Week
Based on trading activity, the most traded cryptocurrencies this week include:
* **Ethereum (ETH)** — the top asset as traders anticipated price changes and network developments. * **Bitcoin (BTC)** — hovering around the significant $100,000 level. * **XRP (XRP)** — boosted by improved regulatory clarity and active trading. * **Solana (SOL)** — significant trading following a strong quarter rally. * **Chainlink (LINK)** — renewed interest due to its crucial role in blockchain technology. * **Other Assets** — notable activities in newer tokens like **Sei (SEI)** and **Aerodrome Finance (AERO)**.
Market Overview: Macroeconomic Highlights
Macroeconomic news heavily influenced the market last week. The U.S. Federal Reserve's decision to hold rates steady amid geopolitical tensions created market uncertainty.
Technical Analysis of Key Coins
The technical view of major cryptocurrencies is as follows:
**Bitcoin (BTC)**: In a long-term uptrend, watching for resistance at $108K vs. support at $100K.
**Ethereum (ETH)**: Immediate support at $2,000-2,100; a breakout above $2,500 could indicate upward momentum. **XRP**: Trading within a range of $0.45-0.50 support with resistance around $0.60-0.65; a break is needed to signal future trends.
**Solana (SOL)**: Support seen at $150-155; breaking above $175 could trigger another rally.
This week showcased significant volatility in the crypto market, reflecting a blend of macroeconomic factors and interest in digital assets. Anticipation for next week is influenced by ongoing concerns and events, adding to the market's dynamics.
