Last edited: Dec 6, 2021

For the crypto HODLers, this has been a horrific week, as all coins across the market are down, and with most coins down more than 10% over the past week. In this weekly recap, we will look at the weekly price charts of the major coins, and look forward to what this continued downward trend will bring for us this week.

BTC: $49,130.67 (-13.15% past 7 days)

The alpha of the pack, Bitcoin, led the charge in the downswing in the market, declining more than 13% over the past 7 days. Investors should expect BTC to get back above $50,000 in no time, but the once reachable $70,000 ceiling that we were closing in on just a few weeks ago now seems like a pipe dream.

ETH: $4,128.47 (-3.81% past 7 days)

The second biggest coin, ETH, also struggled this week, but not as mightily as other coins in the market, as the less than 4% decline is the lowest out of all other major cryptocurrencies. ETH is also quite far from its target of $5,000 now, but staying above the $4,000 price level should not be a problem even despite the market corrections.

DOT: $27.36 (-23.79% past 7 days)

DOT suffered by far the largest decline over the past week, dropping almost 24% to $27.36, a price point we have not seen since the end of September. Ever since the introduction of the new parachain auction function onto the Polkadot blockchain network, DOT has been struggling in prices, similar to how ADA kept dropping in prices after the hard fork network upgrade.

Other big movers over the past week:

XRP: $0.789 (-18.81%)

DOGE: $0.1669 (-19.23%)

LTC: $152.03 (-23.56%)

UNI: $16.05 (-20.20%)

BCH: $443.04 (-21.97%)