2023-05-08 14:15:13
© Reuters Bitcoin closes week down; SUI and PEPE stand out
CriptoFácil – The price of (BTC) fell again and ended the week with losses of 2.66%, according to CoinGecko. And the declines continued into the morning of Monday (8), resulting in the loss of yet another support – $28,000.
With a devaluation of 3.2% in the last 24 hours, BTC is worth US$ 27,971 and around R$ 138 thousand in reais. Who also operated in low was the Ether (), which is worth US$ 1,864 (down 2%), and, in reais, approximately R$ 9,233.
Within the Top 10, stood out in terms of devaluations, falling 4.6% in the last 24 hours and 8.3% in the weekly. The () registered a drop of 3% in the daily and 7.8% in the weekly, while the third place went to (2.5% and 6.7%, respectively). No top 10 cryptocurrency ended the week higher.
As a result of the devaluations, the cryptocurrency market cap lost BRL 360 billion and fell by 2.5% to below BRL 6 trillion. BTC dominance dropped to 45.1% and ETH rose to 18.6%. The trading volume was BRL 225 billion in the last 25 hours.
PEPE and SUI stand out
In the Top 100 of the largest cryptocurrencies, valuations were moderate, with few gains exceeding 10%. But Pepecoin (PEPE) completely broke this pattern, closing the week up 345%, mainly motivated by the high hype surrounding its launch.
Furthermore, Binance included the cryptocurrency in its trading platform, which gave PEPE more ground to appreciate. Even so, its final quotation of the week was almost 50% below the high peak of 650% recorded on Thursday (4).
On the other hand, the newly launched SUI, whose network debuted last week, was not so lucky. The token of the same name dropped more than 70% shortly after launch, due to a mass sale, and closed the week with losses of 71.51%. CAKE also suffered from its staking issues and ended the week at losses of over 21%.
Volumes and futures
According to Coinglass, cryptocurrency futures and liquidations have seen a rise in the last 24 hours. In futures, the high was 15.35% and reached US$ 82.3 billion, while the liquidation grew more than 50%, causing more than US$ 153.9 million.
BTC and ETH led the way in the amount of positions liquidated, with $7.49 million and $2.2 million, respectively. PEPE liquidations reached US$ 803 thousand, ranking third.
This time, the liquidation reached more than 66 thousand traders, the highest number in almost a month, reflecting the moment of strong volatility. The biggest liquidation occurred on BitMEX, where a trader lost $4.2 million trading the pair.
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