During the week of January 18 to 27, 2021, the market \u2014 like the previous 7 days \u2014 continues to show ups and downs. Much of the altcoins are showing a downward trend, while a few experience growth that exceeds 65%, according to criptonoticias.The most appreciated cryptocurrencies in these seven days are led by Decentraland (MANA), included in the list of cryptocurrencies registered in Grayscale\u2019s trust applications, as well as Chainlink (LINK), which follows in the top of this week. The same happened with Tezos (XTZ), which ranks third at the time of writing.The list of crypto assets is completed with Polkadot (DOT), which established an alliance to enhance its staking system; and Avalanche (AVAX), which integrates a new application for DeFi.In these seven days, the price of Bitcoin experienced a significant drop, after having recovered the previous week (when it was approaching $ 40,000 again). However, on January 21, the value of BTC falls back to USD 31,200, reaching a low of USD 28,900 the next day. On average, BTC suffered a weekly drop of 14.5%.According to reports from CriptoNoticias, among the reasons that would be pushing the price down are some sales by institutional investors, in addition to doubts from traders that the price of BTC will exceed $ 40,000 again, and an over demand in the market for derivatives of bitcoin. An influence of the political transition in the presidency of the United States is also inferred.Ether (ETH), for its part, also registers a slight drop in value, possibly driven by Bitcoin. Its average decline this week was 0.9%, with the price hovering between $ 1,047 and $ 1,426. Despite this, this week the cryptocurrency broke its all-time high of 2017 and exceeded its own ATH, which dated from January 2018.The breakout caused a stir because many\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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