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The markets are not out of the woods yet, and the latest performances have intensified talk of an actual crypto bear market, which may continue for months. The latest weekly time frame saw a big correction on Monday and Tuesday, as coins extended losses to more than 70% of peak levels, and Bitcoin reached lows below $6,000.

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Bitcoin (BTC) crashed below $6,000, but recovered to hover above $8,000, as uncertainty loomed. Volumes were down below the habitual $10 billion, although at some points, buyers returned. BTC is down just 2.82% net over the past seven days, stabilizing at $8,240.72, with a slight recovery ahead of the weekend.

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Trading has thinned out to around $8 billion in 24 hours, as Tether trading thinned out to around 10% of overall volumes, from a weekly peak of 16%. Bitcoin's dominance fluctuates between 33% and 35%, but the mood remains subdued. The printing of USDT has been stopped for now, and the lack of additional liquidity may lead to the slump on the markets.

Ethereum (ETH) bounced above the $600 lows, and is still down around 8% this week, at $823.32. The digital asset saw a printing of ETH-based tokens of USDT and EURT, which may have a similar effect in 2018, if Ethfinex follows the logic that brought Bitcoin to higher levels whenever new Tethers were printed.

Ripple (XRP) is in the green, with minimal gains of around 1% this week, hovering at $0.80 as the asset reverted to its more natural state, coming down from overhyped expectations of its future.

Bitcoin Cash (BCH, BCC) showed a stronger recovery, being among the few gainers in the past days. BCH is up 16% this week, to $1,319.64, as the asset shows the community is quick to regain the optimism, despite the talk of a bear market. In fact, BCH seems to benefit from the Bitcoin corrections.

Cardano (ADA) is still far from the peak, stabilizing at $0.35, but up more than 8% this week, as the crash took down the asset to a much lower price range. ADA has also suffered by the Binance maintenance period this week.

Litecoin (LTC) climbed up the charts as it quickly recovered to around $150. The coin is up 17% this week, to $146.70, on news of a new core version ready for testing, as well as additional payment providers integrating LTC.

NEO (NEO) remains robust, though not ready to post more spectacular gains. The coin stands at $113,25, up around 4% this week. NEO has proven it can survive market downturns well, and bounced from lows around $70.

Stellar (XLM) managed to keep its stable positions in the correction, returning to $0.33, down just half a percent net in the past seven days.

EOS (EOS) is back in the top 10 with a price of $8.53, but the asset is not so good at keeping the double-digit prices, as the launch of the Dawn ecosystem looms, and questions of the supplier for the live blockchain remain.

IOTA (MIOTA) recovered by around 8.5% this week to a price of $1.79, as the asset still cannot recreate the December hype that took it to $5. Still, the project remains highly visible, as the coin remains above $1.

NEM (XEM) remains volatile, losing 8% in the past 24 hours, to $0.53, as price pressures range from enthusiasm to panic.

DASH (DASH) is at $597.56, up 10% this week. The coin, usually getting a noisy promotion, has not seen any significant news lately, and trades away from the peak prices at above $1,100.

Monero (XMR) stabilized at $242.16, up 10% this week, as the asset charts its own path, locking in some of the gains from the latest rapid climb.

Lisk (LSK) displaced TRON this week, and is the fastest gainer of both price and position. LSK grew by more than 30% this week, quickly rebouncing from lows, to $24.94.

The Surprise Movers

The week saw one of the heaviest crashes for the market since the September downturn. Most coins moved in illogical ways, and separate assets showed their strength in recovery. Almost all coins had a surprise moment, especially right after the crash.Ethereum Classic (ETC) was among the gainers, growing by 17% in 24 hours to $23.28, but still far from the $45 peak levels.

The weekly overview of the market is a temporary snapshot, revealing the general trend, but it has no predictive power on sudden movements, which are the norm in crypto currencies.