cUSDC market stayed flat from May 19 - May 25.
cUSDC portrayed neutral behavior last week, with no changes in the price. The volatility of CUSDC has been low throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been increasing in concert with the price of the coin. The price action of the crypto coin from last week stemmed from the increasing trading volume.
The current state of affairs on the cryptocurrency market allows us to draw the conclusion that cUSDC is now going through the cycle of low volatility. The average volatility of CUSDC was as low as 0.01%, causing the dull price action. The maximum volatility of the coin stood at 0.43% in the analyzed time frame. On May 24, the asset didn't make any noticeable price movements as its volatility dropped to the lowest level at 0.01%. Since the crypto coin is displaying low levels of volatility, the price action is likely to remain feeble.
There were no gains or losses to the CUSDC market on May 19, it remained flat. On May 20 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on May 21, with the cUSDC market remaining flat. On May 22, the value of CUSDC was in the range, with the market remaining flat. On May 23, cUSDC finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on May 24. The coin's market saw no changes on May 25, as the market flatlined. Throughout the reviewed time period, no changes were observed on the asset's market. There was no difference between the lowest and highest price points for the observed week, with the cUSDC market flatlining.
Over the period of the last 7 days, May 19 to May 25, cUSDC saw its average trading volume fluctuate between $40.46 and $530. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the CUSDC market had its volume ranging between $40.46 and $979. The 434% trading volume fluctuation between May 19 and May 25, as compared with the previous period, served as a basis for a 0% price move.
The total capitalization of Bitcoin at the start of the analyzed time period (May 19) amounted to $386 666 972; by the end of that period (May 25), the capitalization went to $392 427 915. 1% was the calculated percentage change for the CUSDC market over the past week. While the market capitalization of the coin was altered by 1%, its price has made a 0% change. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $394 297 208 on May 12 and $398 621 224 on May 18, which translates to a 1% change.