USDX market stayed flat from September 12 - September 18.
USDX portrayed neutral behavior last week, with no changes in the price. USDX has been going through a period of low volatility, which fell in line with the occurred price changes. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
The analysis of events on the USDX market shows that the cryptocurrency under review is experiencing a period of low volatility. With the average volatility being as low as 0.34%, USDX was incapable of making any sizable price swings. In the period between September 12 and September 18, the volatility of the coin peaked at 0.34%. The quietest period on the asset's market was recorded on September 16, when the volatility dropped to the minimum at 0.34%. The crypto coin's low volatility of 0.34% points to the weakness of all market participants.
On September 12, the USDX market opened at $0.94, preceded by a period of bearish action. During the opening day on September 12, USDX has had a 1% move to the downside. September 13 saw the coin going another 1% since the open, supported by the corresponding trading volume. The cautious traders dominated the price action on September 14, with the USDX market remaining flat. The USDX market was down as the price shifted by 1% on September 15, against the backdrop of the sufficient trading volume. On September 16, USDX finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on September 17. The coin's market saw no changes on September 18, 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.
As for the average trading volume in the time slot between September 12 and September 18, the USDX market registered the change from $485 213 to $530 676. Over the week that came before the analyzed time span, the average trading volume of USDX ranged between $417 364 and $841 705. Percentage-wise, the trading volume of the asset changed by 12%, in comparison to the previous period, while its price experienced a 0% adjustment.
The past week saw the market capitalization of USDX making a shift from $105 098 682 on September 12 to $104 415 227 on September 18, the peak for the analyzed period. USDX experienced a 1% change in total market capitalization throughout the past seven days. The price of the coin changed by 0% on the back of the 1% shift in its total market capitalization. In the preceding week, September 5 - September 11, the market capitalization of USDX got a 1% adjustment ($105 718 485 to $107 040 284) in comparison to a 1% change last week; this allows getting a deeper insight into the market structure.