Most of the top 20 cryptocurrencies are showing signs of slight losses but Bitcoin seems to have left its previous long-maintained position and has fallen under the $3,400 mark once again according to the data we have in our bitcoin news today.
Currently, Bitcoin is down by 1.97 percent and is trading at $3,381 and in comparison with the weekly chart; the price is lower by 3 percent to where it was at the start of the week.
Ripple, on the other hand, has lost over 1 percent over the past 24 hours and is currently trading at around $0.230. That shows us that the currency price of XRP is lower by more than 9 percent to where it was a week ago when it was trading at $0.318.
The second largest cryptocurrency by market cap-Ethereum has seen slight losses as well by nearly 4 percent over the past 24 hours. It is currently trading around $103 after its position at $107. In comparison, the price of ETH has dropped by more than 6 percent since the week started.
Among the top 20 cryptocurrencies, Binance Coin seems to be doing a good job since it is the only one that is experiencing growth by up to 14 percent and is now on the 10th place according to CoinMarkerCap data. Binance has added support for credit card crypto purchases on its platform very recently and made another partnership with the payment processor Simplex.
When we look at the traditional markets for a moment, we can see that the stock market unlike the crypto one is seeing steady growth.
Crypto Market Adds $8 Billion But Litecoin Is Struggling To Gain Momentum
Crypto Market Adds $10 Billion, Currently With $134bn. In Circulation
EOS Skyrockets By 30% In 24 Hours: How Far Can This Altcoin Go?
Ethereum Price Increases By 13% Overnight, Is The Market In For Recovery?
“We’ve had some bullish moves on ETH, BTC, and altcoins over the last 2 weeks. Is the bear market over? Maybe, the fact of the matter is we are going up. Traders must see PA for what it is and can change bias quickly. If you have been stuck with a bearish lense you are missing out.’’Over the past few months, Bitcoin and the other cryptocurrencies show similar movements. BTC showed weeks of stability but it later plunged by 10 percent. However, the current stability is not a guarantee for improved future performance. The crypto market shows a period of stability for the past couple of weeks. Ethereum made gains during today’s trading session. After the 12 percent surge in the price of ETH, crypto trader DonAlt said:
“Well, this is a proper moon. Not a big liquid spike but rather a nice controlled walk up. Didn’t expect quite this much action into the weekend but I’m not complaining. ETH as the top gainer on BitMEX. Right at resistance here – will be interesting if it can break through or not.”
Join us on Facebook
- The Cyprus SEC Is Calling For EU Anti-Money Laundering Framework Implementation
- US Exchange Giant Coinbase Acquires Blockchain Startup Neutrino
- Central Bank Of Japan Examines Digital Currencies According To New Report
- Crypto Market Adds $8 Billion But Litecoin Is Struggling To Gain Momentum
- Craig Wright Calls Out Ethereum For Being Unable To Scale
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Altcoin News5 days ago
Bloomberg Editor: JPMorgan’s Cryptocurrency Will ‘Obliterate’ Ripple
Regulation5 days ago
New Blockchain Framework Bill Passed Into Law In Luxembourg
Bitcoin News3 days ago
Bitcoin Is Closer To A First Positive Month Since July 2018
Altcoin News4 days ago
Norwegian Anarcho-Capitalist City Adopts Crypto As Official Medium Of Exchange
Altcoin News3 days ago
ETH-Based Maker (MKR) Outperforms In February With 37% Gains
Bitcoin News5 days ago
Is It About Time Millennials Invest All-In On Bitcoin: Investor Talk
Regulation3 days ago
SEC’s ‘ICO Guide’ With A Gloomy Outlook For Cryptocurrency In 2019
Altcoin News3 days ago
Top Cryptocurrencies See Green, Ending Week With A Positive Action