Cryptocurrency markets have displayed a bearish outlook this week.

After the cryptocurrency markets started the week with fund outflows, the partial purchases seen on Thursday were met with continued sales on Friday. The total value, which started the week with approximately 2.36 trillion dollars, decreased to 2.26 trillion dollars in weekend transactions. This week, it was observed that the daily transaction volume remained below the average and remained in the range of 60 billion dollars.

Although cryptocurrencies generally showed resistance in the first week of May after the withdrawal in April, they maintained their bearish outlook this week.

Bitcoin continues to lose nearly 5% value this week. Bitcoin, which started the week at $64,000, rose to $65,500 for a short time, but fell to the $60,000 limit due to sales pressure.

Ethereum continued its negative course last week by increasing this week. Ethereum, which started the week at $ 3,130, could not hold on to these levels despite rising to the $ 3,200 band and fell to the $ 2,900 limit with a decrease of 7% by the end of the week.

There is a seller's outlook in the top 20 cryptocurrencies, except for 4 altcoins. Altcoins that fell the most in the top 20 in the last 7 days of transactions: It was ICP (-10%), SHIB (-9%) and BCH (-8%). Among the major altcoins with positive divergence from the market, TON recorded a value increase of around 15%. NEAR, TRX and BNB were also other major altcoins that remained positive throughout the week.

-Investing.com