This Week in Coins: Bitcoin Brings Entire Crypto Market Down One Week Before Halving – Decrypt

Illustration by Mitchell Preffer for Decrypt.

One week left bitcoinit's so expected halving eventthe top currency price It's down, bad.

It is currently priced below $67,000 per coin, according to CoinGecko, falling as low as $65,981 as of Friday evening.

Like last weekend, it ended well below its March all-time high of nearly $74,000, falling nearly 2% in seven days.

During the week, the virtual currency was approaching $72,000, but lost those gains yesterday when it lost 5% during the day.

Ethereum He has also struggled to perform well during the week. The second largest coin is down more than 3% and is now with price at $3,226.

Most major coins and tokens have suffered during the week, with solarium being one of the biggest losers: now he has abandonment to $142.62, after having fallen 13% in seven days.

The currency network has had problems congestion problems for some time now, which could well be contributing to downward pressure on the asset's price.

Decentralized exchange Uniswap UNI The token is also among the least successful tokens. fell sharply next news which was in the crosshairs of the Securities and Exchange Commission and is now down 33% over the week, trading at $7.40.

Uniswap Labs, the company behind the platform, said Wednesday that it received a notice from Wells from regulators, warning him of imminent enforcement actions.

Smaller tokens, such as Wormhole, have continued to suffer: the token, a week after its airdrop, is down 46%. It is now priced at $0.59.

Digital assets that have performed well include toncoinwhich Dogecoin almost flipped this week: It is now priced at $6.44, having risen almost 20% in seven days. News of a possible Telegram IPO has contributed to the coin's rise.

Edited by Ryan Ozawa.

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