USDX market stayed flat from September 1 - September 7.
USDX portrayed neutral behavior last week, with no changes in the price. The price swings of USDX pointed to the presence of low volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
According to our market analysis, the weak price movement of USDX was dictated by low volatility. With the average volatility being as low as 0.24%, USDX was incapable of making any sizable price swings. The most significant price swings occurred on September 5, when the volatility of the coin was at its highest for the given period at 0.91%. The quietest period on the asset's market was recorded on September 5, when the volatility dropped to the minimum at 0.24%. Since the current volatility of the crypto coin is low, we expect the price fluctuations of the digital asset at hand to be insignificant.
On September 1, the USDX market opened at $0.95, preceded by a period of neutral action. On September 2 the coin market stayed neutral, with no changes in the price. USDX posted the interim low at $0.94 on September 3 and then moved up by 1% and peaked at $0.96. The USDX market was down as the price shifted by 1% on September 4, against the backdrop of the sufficient trading volume. On September 5, USDX finished the trading day with no changes to the flatlined market. While the 24H high and low on September 6 were at $0.95 and $0.94, respectively, the crypto coin had been traded in the area between the open at $0.94 and the close at $0.94. As for the occurrences on September 7, the price of the coin bottomed at $0.93 and peaked at $0.94, while its daily range formed between $0.94 and $0.94. 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.
In the period September 1 - September 7, the trading volume of USDX went from $941 975 on the first day of the reviewed period to $511 322 on the closing day. Over the week that came before the analyzed time span, the average trading volume of USDX ranged between $409 669 and $1 468 171. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 28%, and the 0% price shift.
USDX had its total market capitalization change from $106 158 120 on September 1 to $104 146 988 on September 7, the end of the examined time frame. 2% was the calculated percentage change for the USDX market over the past week. When compared to the price fluctuations during the observed period of time, the 2% market capitalization movement was accompanied by a 0% change in the price of the coin. USDX ’s market capitalization from the week before changed by 0%, as the result of fluctuation between $107 211 629 and $106 158 120, to give a clearer vision of the current state of the market.