Weekly Crypto Round-Up As Of August 28

The crypto market has remained static in the past week, indicating that both bears and bulls are fighting over each other to set a new trend for the market.

Last week’s developments created a buzz in the crypto users’ minds.  We have to see what this month is planning for the crypto community.  But before that check out Weekly Crypto Round-Up here.

According to CoinMarketCap, the current market cap is  ₹86,940,320,868,906 on 28 August. In the past year, even the top-performing coins were seen struggling in these challenging times and are trying to make a comeback.

For this last week, Bitcoin is at the price of ₹2,146,359.00 and has decreased by 0.04%  in the last 24 hours, and a dip of 0.25% is seen in the duration of 7 days.

The price of Ethereum at the moment is ₹136,114.06 and has increased by 0.11% in the last 24 hours, and a dip of 1.66%  is seen in the duration of 7 days.

Weekly Crypto Round-Up: Top Trending Coins

In the past week, three cryptocurrencies have remained the talk of the town because of some recent developments transpired related to these cryptocurrencies: Bitcoin Cash (BCH), Toncoin (TON), and Sui (SUI). 

In the past week, the price of Bitcoin Cash (BCH) showed a 3.1% upsurge. In addition, the token also experienced a rise of 1.6% in the past 24 hours. And the token is currently trading at the price of ₹16,022.77.

Apart from that, Toncoin’s TON token also rose by 8.78% in the past week. Furthermore, in the past 24 hours, the token also surged by more than 1.2%. In addition, the price of the TON token is trading at ₹122.47.

Talking about the Sui (SUI), the token illustrated a 4.2% jump as compared to other major cryptocurrencies. On the other hand, SUI has shown 4.28% gains in the past 24 hours, trading at a price range of ₹45.61.

Top Crypto Gainers & Losers

The past week remains one of the most static weeks for the crypto market in 2023. So, let’s have a look at some of the top crypto gainers and losers from the past week:

Weekly Crypto Round-Up

Why Crypto Market Remain Static?

The crypto market remained stable in the last 7 days because no such big events transpired in the market. This implies that both whales and sharks started buying and selling tactics to make the market more subtle.

Furthermore, a few coins have shown some momentum in the past week because of some whales’ movements and developments related to those coins/tokens.

Weekly Crypto Round-Up: Trending News From the Last Week

▪️ Next month, the cryptocurrency exchange Binance will no longer accept Mastercard as a payment method worldwide. Beginning September 22, Mastercard and Binance will discontinue all co-branded crypto card programs in Argentina, Brazil, and Colombia.

▪️ Tether’s reserves report as of August 24 shows a cumulative surplus in shareholder capital cushion of $3.29 billion split across 15 blockchain ecosystems. Apart from Algorand and Polygon, Tether has reserved the right to release millions of USDT tokens.

▪️ Chinese Government authorities introduced a new data exchange powered by blockchain technology at the 2023 Hangzhou Summit in Hangzhou, China. The exchange’s debut was attended by around 300 firms, including Alibaba Cloud and Huawei.

SunCrypto Views

Market stability has been a consistent theme over the past week, reflecting a sense of equilibrium within the investment landscape. Despite the potential for fluctuations that exist in the broader crypto market, it’s important to note that recent trends have shown remarkable steadiness. 

This period of relative stability has allowed strategic investors to assess the market calmly and make well-informed decisions.

For more crypto-related content like Weekly Crypto Round-Up, informational blogs, and crypto news, check out Suncrypto Academy.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. All content provided is for informational purposes only, and shall not be relied upon as financial/investment advice. Opinions shared, if any, are only shared for information and education purposes. Although the best efforts have been made to ensure all information is accurate and up to date, occasionally unintended errors or misprints may occur. We recommend you do your own research or consult an expert before making any investment decision. You may write to us at [email protected].

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