(8th - 14th) Bitcoin remains close to USD 5,100 while major cryptocurrencies experience minor losses

To this day, most of the 20 best cryptocurrencies report low losses on the day, at the close of this edition, while the BTC is just above USD 5,400. Analyzing the behavior of the BTC / USDT pair in 1-day time, in the graphics we can observe that the price of the coin has fallen more than 7% from its highest peak in the $ 5400.

According to official sources, the price of Bitcoin has risen around 0.5 percent on the day, trading at a value that is around USD 5,107, at the time of publication. As was shown in its weekly chart, we can observe that the actual price also indicated an upward trend in its value reaching 0.5 percent higher than the price at which Bitcoin started the week.

The ETH on the other hand, maintains its position as the highest altcoin by market capitalization, which is approximately USD 17.4 billion. The second largest altcoin, XRP, has a market capitalization of around USD 13.7 billion at the close of this edition.

ETH has seen almost no changes in the last 24 hours, losing a fraction of a percentage. At the time of publication, ETH is trading around USD 165. During the week, the currency has also seen almost no gross changes, but reported a maximum of USD 184 on Monday mid-week.

During a recent developer meeting this week, the main Ethereum developers declared that they are considering more frequent and smaller hard bifurcations.

The second largest altcoin, Ripple, is also showing a curve with fractional bearish trends in the moment when the publication was made and, currently, is trading at around USD 0.327. However, looking at the weekly chart of the currency, its current price is 8% lower than the one reported a week ago.

Among the 20 main cryptocurrencies, the only one that reports notable earnings is BNB, which has risen almost three percent, showing a considerable and very good upward trend for the cryptocurrency. BNB has seen a little more profit in the week.

The total market capitalization of all cryptocurrencies is currently equivalent to USD 173.1 billion, which is about two percent lower than USD 175.6, the value it reported a week ago.

As reported by official sources, French insurance markets can now invest in cryptocurrencies, following the approval of a new law, which represents a great advantage for the growth of cryptocurrencies in that country.

On the other hand, it was also reported that the research arm of the important BitMEX cryptocurrency derivatives platform estimates that Bitcoin SV BSV miners have accumulated gross losses of USD 2.2 million.

The report published by BitMEX Research affirms that BSV miners perceived a curve with a negative bearish trend of up to 12% since the currency was created in a hard bifurcation that divided Bitcoin Cash (BCH).

LEAVE A REPLY

Please enter your comment!
Please enter your name here