USDX market stayed flat from August 23 - August 29.
USDX portrayed neutral behavior last week, with no changes in the price. The volatility associated with the USDX market was low, as were its price fluctuations. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin last week took place on the back of decreased trading volume.
The analysis of events on the USDX market shows that the cryptocurrency under review is experiencing a period of low volatility. The insignificant movement of the USDX market came as the result of low average volatility that amounted to 0.27%. In the period between August 23 and August 29, the volatility of the coin peaked at 0.27%. The quietest period on the asset's market was recorded on August 27, when the volatility dropped to the minimum at 0.27%. Since the crypto coin is displaying low levels of volatility, the price action is likely to remain feeble.
The price of USDX took a 1% down downswing at the open of the weekly trading period. The market sentiment on August 24 stayed bullish as the coin obtained another 1%. The bears dominated the price action during the following trading period as the price drifted 1% to the downside, having established the low for the reviewed time frame at $0.95, while the high was recorded at $0.97. On August 27, USDX market moved by 1% in the bullish direction in concert with the trading volume. USDX finalized the trading day of August 27 at $0.96 after opening it at $0.97, though the price broke through that corridor to hit the 24H high at $0.97 and the 24H low at $0.96. No changes were observed on the crypto coin's market on August 28. The coin's market saw no changes on August 29, 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 USDX market flatlining.
The trading activity on the USDX market over the past week - August 23 to August 29 - generated the average trading volume that went from $780 047 to $409 669. Over the week that came before the analyzed time span, the average trading volume of USDX ranged between $426 856 and $1 321 270. The asset demonstrated an 5% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 0%.
The total market capitalization of USDX during the past 7-day oscillated between $107 975 159, the starting point that was established on August 23, and $106 100 220 on August 29, the end date of the reviewed period. When translated to percentage rate, the market capitalization of USDX over the past week adjusted by 2%. The price of the coin changed by 0% on the back of the 2% shift in its total market capitalization. The comparison with the USDX market capitalization seen during the time period August 16 - August 22 that occurred before the observed one, which changed by 1%, from $105 650 527 to $106 844 110, allows us to get a clearer understanding of current market conditions.