As a result of the past week, the coins in the top 10 largest cryptocurrencies by market capitalization showed a negative trend.
Bitcoin ($BTC ) started the week with a fighting spirit and made an unsuccessful attempt to storm $109,000, after which it corrected. The currency traded in a narrow sideways range, watching the developments in the Middle East. Analysts note that the war between Iran and Israel scares investors much less than the previously announced trade war by Trump. However, this Sunday, sentiment worsened as the US joined the attacks on Iran. As a result, Bitcoin plummeted below the $100,000 mark. Markets are already anxiously talking about the upcoming 'Black Monday' for risky assets. According to Coinmarketcap, at the time of writing, BTC was trading around $99,575 with a weekly decline of 5.88%.
Ethereum ($ETH ) differs from BTC by ending the week with a more significant decline of 14.13%. Bears intensified pressure on the asset against the backdrop of geopolitical tensions. At the time of writing, the token was trading around $2,194. It was also reported this week that ETH reserves in second-layer networks fell by 25%, reflecting a shift in priorities among investors.
Meanwhile, the biggest losses among the top 10 largest cryptocurrencies have been borne by the Cardano token ($ADA ) for the fourth consecutive week. It lost 15.67% over the past 7 days, dropping to $0.5324 at the time of writing. Long-term holders have started to get rid of the coin.
