It looks like a tough week has passed for Bitcoin. Because during the week, we witnessed sharp declines in Bitcoin, which was traded at a wide margin between $ 62,000 and $ 53,800.
While Bitcoin experienced the biggest correction in the current bull cycle that started in November 2022, Bitcoin turned altcoins, especially Ethereum, into a bloodbath.
Most analysts say that this correction is due to the selling pressure created by the start of Mt.Gox refunds and BTC transfers from the German and US governments.
We saw that the greed index, which approached 80% in the past weeks, dropped to 29 with these decreases.
While BTC experienced declines of up to 15% on a weekly basis, this rate reached 18% for the largest altcoin Ethereum (ETH).
While there were big losses in Bitcoin and Ethereum, some altcoins crashed and some rose.
According to CoinmarketCap data, it is among the top 100 coins and the most profitable ones of the week:
According to CoinmarketCap data, the top 100 coins that lost the most this week are:
*This is not investment advice.
