At the end of last week, a drop in the main cryptocurrencies was recorded. The reason for the cost reduction was the statement of the US Department of Commerce about the growth of inflation above the forecast in January 2023, as well as an increase in the consumer price index by 5.4%.
The cost of BTC has dropped to $23 thousand and reached the lower threshold in the last 9 days. In parallel with Bitcoin, the cost of Ethereum was decreasing. His losses in 24 hours amounted to 2.5%. The fall of the main cryptocurrencies was recorded on a 4-day interval.
In relative terms, the seven-day performance of BTC placed on 22 positions among crypto assets with a market capitalization of over $ 1 billion, in turn, ETH took the 23rd position. Against the background of a moderately optimistic investor mood, BTC and ETH have increased in price by 39% and 32%, respectively, since the beginning of 2023.
The first place in the performance rating was taken by altcoin Tezos. During the week, it increased in price by 8%, but since the beginning of the year, its value has increased by more than 74%.
The Optimism token (OP) showed a significant increase last week, adding more than 20% in price. The rise in the price of OP was influenced by the news about the launch of a new layer 2 network, the main developer of which will be Optimism.