The cryptocurrency market recently saw one of the worst bear runs in history, with Bitcoin [BTC], the top cryptocurrency, losing almost half of its value when it dipped close to the $3500 mark from its long-held level of $6000. The rest of the market also responded in coin, and also resulted in an upset between XRP and Ethereum [ETH] which gave XRP the #2 position it is at currently.
Now, the top cryptocurrencies have begun to beat back the bear, with Bitcoin demonstrating an 8.8% hike in the last day. XRP and Ethereum have also responded in kind, with the #2 up by 4% and Ethereum up by 7.2% in the same timeframe. The bear seems to have left its mark on the market, with all three currencies in the red, with losses of 2.6%, 11.2%, and 7.6% respectively.
The top currency was trading at around $4500 at the beginning of the week before sliding down at $4400 on November 24th. It then went down to its lowest price this year, hitting a bottom of $3640 on November 25.
It proceeded to move upwards to $4120 on November 26 before dropping back down to $3640 on the very next day. Bitcoin then saw a sharp spike on the proceeding day to $4100, with a slide down to a high of $3280 before dropping and recovering at $4400.
The #2 currency was more resilient than Bitcoin over the week, starting its run with a drop from $0.43 down to $0.40. It then declined to the low $0.40s and then dropped down to $0.33 on November 25th.
It then hiked back up to the $0.38 on the very next day, with a drop down to the $0.34 level on November 26. It then went up to rest near the $0.40 level, where it is currently trading.
The coin began its week with a drop down to $120 on November 23, with a recovery back to around the $126 level. It then proceeded to begin a catastrophic downslide to $101 on November 25.
Ethereum then hiked in a recovery back to the $120 zone on November 26, with a drop down to $103 again on the very next day. It then saw a steady growth back to around $125 on November 29, dropping back to on the same day before recovering to trade at the current price.
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