The torpid USDX had its price rise only by 1% last week (September 16 - September 22).
Between September 16 - September 22, USDX has been mostly as its price has been in the rising mode. The volatility of USDX has been low throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
The analysis of events on the USDX market shows that the cryptocurrency under review is experiencing a period of low volatility. The average volatility of USDX was as low as 0.12%, causing the dull price action. 0.59% was the maximum volatility that the coin managed to showcase on September 20. On September 21, the asset didn't make any noticeable price movements as its volatility dropped to the lowest level at 0.12%. The volatility of 0.12% is too low for the crypto coin to engage in any attention-worthy price action.
USDX began the day on September 16 at $0.94, while the broad background was neutral. There were no gains or losses to the USDX market on September 16, it remained flat. On September 17 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on September 18, with the USDX market remaining flat. USDX ’s performance during September 19 was the following: the price declined by 1% in conjunction with the acceptable trading volume. On September 20, USDX finished the trading day with no changes to the flatlined market. On September 21, the crypto coin showcased the following price fluctuations: the trading session began at $0.94 and then traveled from the low of the day at $0.93 to the high of the day at $0.96, closing at $0.94. Between the 24H high at $0.95 and the 24H low at $0.93, the coin was traded in the $0.94 - $0.94 price corridor. $0.93 was the bottom of price action for the week, though the price went to the high extreme at $0.96 over the same time period. The difference between the lowest and the highest price points for the week was 1%, as the price moved in the $0.01 wide corridor.
As for the average trading volume in the time slot between September 16 and September 22, the USDX market registered the change from $614 612 to $755 905. We can draw the comparison with the period of 7 days that preceded the reviewed one when USDX ’s trading volume varied from $217 915 to $841 705. The asset demonstrated an 55% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 1%.
Bitcoin began the observed period September 16 - September 22, with the market capitalization of $103 710 696 and finalized it at the market capitalization level of $104 702 096. The rate of percentage change for the last week for USDX was 1%. The price of the coin changed by 1% on the back of the 1% shift in its total market capitalization. The comparison with the USDX market capitalization seen during the time period September 9 - September 15 that occurred before the observed one, which changed by 0%, from $105 606 135 to $105 204 040, allows us to get a clearer understanding of current market conditions.