It was the sixth consecutive week of underwhelming price performance by leading cryptocurrencies. There was a dearth of adoption or regulation stories, which for crypto fans and holders made this one of the slowest weeks in recent memory. 

Market leader Bitcoin (BTC) fell 1.1% over the last seven days and currently trades at $28,972. Its closest rival, Ethereum (ETH), fell 2.3% to change hands at $1,829, according to CoinGecko. 

Tether’s dollar pegged USDT is currently missing its mark and trades for $0.998247 despite the fact that the issuer’s recent quarterly report showed Q2 profits of $850 million, strengthening its total excess reserves to $3.3 billion.

Several big altcoins posted notable losses, including XRP, which fell 12% to $0.624960, Solana (SOL) dropped 9.8% to $22.64, TRON (TRX) dipped 8.1% to $0.077501, Litecoin (LTC) depreciated 9.5% to $82.37, Toncoin (TON) dropped 8.3% to $1.19, and Stellar (XLM) fell 14.4% to $0.136595.

Only one of the top t

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Author: Tim Hakki

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