Crypto On Aug. 22: Market Turns Slightly Green After Weekend Crash

KEY POINTS

BTC and ETH dropped by 12.66% and 17.16% in the last seven days
The biggest gainers included EOS, QNT and AAVE
The worst performers include CEL, TWT and DCR

The crypto market turned slightly green Monday as Bitcoin (BTC) successfully retained $21,000 while Ether (ETH) lost the $1,600 price level after marking gains of 0.81% and 0.79%, respectively.

This comes after BTC and ETH dropped significantly over the weekend, losing $23,000 and $1,800 price level, respectively.

According to CoinMarketCap data, the crypto market saw BTC drop by 12.66% in the last seven days while ETH dropped 17.16% in the same duration. This resulted in BTC's market dominance jumping to 40.16% while ETH's dominance dropped to 19.13%.

As per the algorithm from BitcoinWisdom, the maximum price of BTC is expected to reach $32,184.31 by the end of 2022 while the maximum price of ETH is expected to reach $2,399.05 in the same duration.

The prices of BTC and ETH as of 2:16 a.m. ET stood at $21,401 and $1,598, respectively.

Additionally, the top 10 cryptocurrencies were also slightly green as of 2:16 a.m. ET as Binance Coin (BNB) rose by 1.95% to $296.20; Ripple (XRP) rose by 0.52% to $0.3403; Cardano (ADA) rose by 1.11% to $0.456; Solana rose by 2.64% to $38.8; and Dogecoin (DOGE) rose by 0.43% to $0.06847.

The best performing cryptocurrencies in the crypto market as of 2:18 a.m. ET were EOS which rose by 8.92% to $1.52; Quant (QNT) which rose by 2.95% to $111.05; Elrond (EGLD) which rose by 3.95% to $54.97; and Aave (AAVE) which rose by 4.56% to $86.37.

The worst performing cryptocurrencies as of 2:20 a.m. ET were Celsius (CEL) which dropped by 12.86% to $2.19; Trust Wallet Token (TWT) which dropped by 1.82% to $1.06; Decred (DCR) which dropped by 2.11% to $28.76; XDC Network (XDC) which dropped by 3.71% to $0.03053.