Weekly Recap: The Rebound is On

Last edited: Dec 27 2021

After 4 to 5 straight weeks of continuous downfall, the crypto market rallied this week, marking the first signs of rebound since the decline that started after BTC reached its all-time high (ATH) back in early November. Let us take a look at the coins that have rebounded the hardest over the past week.

BTC: $50,693.55 (+8.52% over the past 7 days)

BTC finally managed to climb back to above $50,000 after weeks of decline. BTC’s rally has ignited the upswing in the rest of the crypto market, and we will be focusing on BTC’s price movement next week to see if the industry could close on a high note at the end of 2021.

BTC price chart over the last 7 days (1-hour intervals)

ADA: $1.45 (+17.22% over the past 7 days)

ADA has finally had a massive winning week, recovering strongly from the 2-month long regression that saw it drop all the way to just below $1.3 in recent weeks. It will be curious for investors to decide whether this rally is sustainable for ADA, as it looks to get back to winning ways in 2022.

ADA price chart over the last 7 days (1-hour intervals)

DOT: $31.44 (+27.31% over the past 7 days)

DOT, one the most losing coins over the past month, has made incredible strides last week, increasing its price by more than 27% over the past 7 days. It does appear that DOT was extremely undervalued due to bearish sentiments surrounding the market last month, and with strong performances from BTC, DOT bullish investors have resurfaced to pump up its prices.

DOT price chart over the last 7 days (1-hour intervals)

Follow BTCC.com for more news and analysis like this article to help inform your investment decisions.

Leave a Reply

Your email address will not be published. Required fields are marked *