Bitcoin and ether plunged for a third consecutive week as investors continued to wrestle with a toxic mix of macroeconomic and industry-specific events.
Both BTC and ETH activity spiked during Thursday’s sell-off because both traded in volumes that exceeded 150% of their 20-day moving averages. Other assets that saw volume spikes during downturns were XRP, MATIC, BNB and DOT. Following a 33% price drop over the past seven days, last week’s leader, STX, fell completely out of the rankings when its market cap declined to $800 million.
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