Weekly Price Movements:
Jul 05 00:00 UTC - Jul 08 23:25
Bitcoin maintained its relatively low volatility this week – it moved between 9k and 9500, largely following SPX’s lead, but all its moves happened pretty quickly and most of the time it was quite calm.
Altcoins, on the other hand, have been extremely volatile, with many low- and mid-tier alts up quite a lot in the past week. This is true across types of alts – DeFi coins, the coins in SHIT, exchange tokens, “bigger alts,” etc. – and it’s been pretty consistently happening all week.
Specifically worth highlighting is the continued ascent of DeFi coins – many are rallying a ton, with newly hot coins like AMPL up quite a lot.
- FTX launched VET markets (spot, futures, and leveraged tokens).