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.
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“Rug pull senses tingling. I managed to make it here up in $BTC, up in $USD. Going to keep it that way – tethering ~75% of my $crypto holdings. Playing with the rest. Maybe I get left behind, but I don’t think so.”Despite Bitcoin's increased dominance which now sits at its all-time high of 54.2%, the technical perspectives show that the great altcoin boom on the market is likely to produce a boost - and that the future altcoin news may show us a lot of new capital and confidence from investors. However, this altcoin boom is only possible if Bitcoin sees a strong upside movement and stabilizes above the crucial resistance levels. Currently, the daily spot volume of BTC is at around $580 billion which is still a big up since the first week of March - and a good sign that the great altcoin boom may be around the corner.
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