Compound (comp) 
Bitcoin (BTC) experienced a slight decline this week, despite a late recovery from bearish pressure. On the other hand, artificial intelligence-focused altcoins Worldcoin (WLD) and SingularityNET (AGIX) saw modest gains.
Global Cryptocurrency Market Update
The global cryptocurrency market capitalization saw a 1.26% increase this week, adding over $30 billion to reach $2.4 trillion. This growth was mainly driven by the performance of major altcoins during the market resurgence.
Performance of Mainstream Cryptocurrencies
Here is a summary of how some of the mainstream cryptocurrencies performed this week:
BTC, WLD and AGIX prices – April 21 | Source: Santiment
Bitcoin Retests $59k
Bitcoin started the week with a downtrend from the previous week, dropping over 5% in seven days. Despite initially holding above $65,000, Bitcoin faced steep declines, closing below the 50-day EMA on April 16.
On April 17, Bitcoin retested the $59,000 region for the first time since March 4, closing the day with a 4% drop before recovering to the $60,000 zone. The cryptocurrency then saw a 3.65% gain on April 18, despite ongoing bearish pressure.
As of the latest update, Bitcoin is trading at $64,962, slightly down from the beginning of the week but above the 50-day EMA.
AGIX Breaks Symmetrical Triangle
SingularityNET experienced a downtrend last week, breaking below the 50-day EMA on April 12 and dropping to a six-week low. Despite a mild rebound, AGIX continued to decline until it retested support at $0.7666 on April 18.
On April 20, AGIX spiked by 15.40%, breaching the upper trendline of a symmetrical triangle and the 50-day EMA. Despite a slight decline, AGIX remains in an uptrend, aiming to surpass key resistance levels for further growth.
WLD Faces Resistance at $6.09
Worldcoin saw some significant movements this week, starting with a 6.88% drop on April 15. Despite this, WLD remained in a consolidation phase, recovering most losses the next day.
On April 20, Worldcoin witnessed a 14.19% intraday gain amid bullish sentiments, reaching a one-week high of $5.66. However, it faces strong resistance at $6.09, with on-chain data indicating challenges in surpassing this level.
Currently trading at $5.5, Worldcoin maintains short-term bearish sentiments but shows room for growth based on its daily RSI.
For more cryptocurrency news and updates, visit Global Crypto News.
