As the weekend starts, the crypto markets started trading sideways with moderate losses between the top 20 cryptocurrencies according to the data gathered for our altcoin news that we present you with today.
The number one cryptocurrency Bitcoin (BTC) increased by 0.5 percent over the past 24 hours and is now trading $3.923 at press time. Yesterday, bitcoin started at $3.921 but later in the day hit the highest point at $3.947 before slightly going down to the current price.
Ethereum (ETH) also dropped slightly by 0.06 percent after trading around $138.69. The altcoin had a slight downfall over the week when it reached $125 five days ago but it later increased up to $139 on March 6 coming to the price of today at $139.
When it comes to the third largest crypto by market cap Ripple (XRP), seems like it also dropped over the day and is now trading around $0.31 after the two-day decline of 2.5 percent.
Binance Coin (BNB) has yet again stood out among the top 20 coins since it lost more than 7 percent during the day. It is now trading around $14.46 reaching a daily trading volume at around $2 billion according to the data from CoinMarketCap. However, the coin is still up by 26.37 percent according to the weekly charts.
The total market capitalization of the past week of all 2000 coins combined shows a slight increase up to $133 billion after the decline on March 4 when the market cap was at $125 billion.
On the other hand, US West Texas Intermediate crude futures crashed by 58 cents over the day and later lost more than 3 percent reaching a three-week low at $54.52. Brent Crude futures are also down by 0.76 percent and are now trading at $65.
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“The acceptance of Block.one’s tender offer reflected a decision to rebalance the portfolio to maintain an appropriate level of diversification after the position increased due to its substantial outperformance relative to the remainder of the portfolio,” Novogratz then said.As the filing shows, Galaxy Digital Bank can attribute much of this loss to its principal investing and trading businesses, presumably due to the fact that November and December saw Bitcoin and many other coins falling to fresh lows, as the altcoin news showed. The filing notes that Galaxy Digital Bank is primarily founded by Novogratz's wealth, 20% of which is purportedly invested in Bitcoin and Ethereum. Even though the company lost $272.7 million in all of 2018, much of the losses were incurred as a result of sale of cryptocurrency. One Twitter analyst also went in detail on this. https://twitter.com/zhusu/status/1126394118093950983 However, this is not the end of Novogratz & co. The report revealed that as 2018 ended, Galaxy Digital Bank owned $350 million of assets, 50% of which constituted equity/stake in prominent industry startups. More importantly, Galaxy Digital announced the launch of another fund (rumored with hundreds of millions in funding) which will loan out capital to cryptocurrency firms - a business which has boomed during the 2018 bear market - as the latest cryptocurrency news show.
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Bitcoin SV (BSV) Doubles In Value After The BTC Copyright Claims
“BSV doubled on Craig’s copyright news. This is only the start of him proving BSV is the only bitcoin. Now is a great time to convert all your other shite coins to Bitcoin.”However, as reported in the latest cryptocurrency news, the copyright does not entitle Craig Wright with any exclusive rights on Bitcoin. It seems as the big pockets are pouring and pumping the Bitcoin SV market to confirm the ‘’we-are-the-best’’ slogan. A massive 200 price surge is one of the reasons why traders should restrain themselves from buying the high or the lower lows. The Bitcoin SV (BSV) price corrected up to 53 percent before establishing a historic high at $195 on Huobi. The market bias is currently bullish and the majority of the technical indicators signal the strong buying sentiment. With the flawed fundamentals, a dump right now should not surprise the market.
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