The 5 Most Popular Cryptocurrencies of the Week

The most followed cryptocurrencies on investing.com by Turkish users were Terra (LUNA), Bitcoin (BTC), Shiba Inu (SHIB), XRP and Reef (REEF), respectively.

Terra (LUNA)

LUNA, which started the week with sellers along with the market in general, fell as low as $2.21 for a short period of time and then, with the purchases coming from the lows of the week, it rose rapidly on October 12, seeing a 40% increase in value and recorded the peak of the week at $3.11.

Bitcoin (BTC)

Bitcoin (BTC) started the week horizontally with a slight selling trend. Bitcoin, which maintained $ 19,000 support until October 13, when US inflation figures were announced, saw sales up to $ 18,200 with increased volatility in the time zone where the data was announced.

Shiba Inu (SHIB)

Shiba Inu was a seller for most of the week. An attempt to hold onto the $0.00001 support mid-week fell short as selling pressure increased on October 13 and the cryptocurrency fell as low as $0.00000928. Reaction buying from the lows of the week continued up to $0.00001079 and then SHIB/USD retreated back to its main support at $0.00001.

XRP

While XRP started the week above the $0.5 level, it saw support in the $0.48 region for a while in the ongoing sales momentum. On October 13, XRP, which fell as low as $ 0.442 with the sales-weighted increase in volatility, tested the $ 0.5 band once again with the subsequent purchases.

Reef (REEF)

Reef, which started the week clinging to the support of $ 0.0055, saw a jump up to $ 0.0062 with the increase in demand starting from this point. REEF/USD, which saw a limited decline in the hours when US inflation was announced, entered a rapid uptrend with purchases after testing $ 0.0053, this time rising to $ 0.0064. The cryptocurrency, which saw a limited correction after the peak level of the week, was moving in the range of $ 0.0061 - $ 62 while maintaining its upward momentum in weekend trading. Source: investing.com Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!