07/03/2021
Digital currency markets went down in recent days as prices continued to fall. The total market capitalization of all existing cryptocurrency assets fell more than 8% to $1.25 trillion on Sunday. Bitcoins went from a record (ATH) of $58,350 last Sunday to a low of $43,189 apiece today.
- The price of Bitcoin (BTC) has fallen 25.98% since last Sunday, and today crypto reached a new low. At 10:48 a.m. New York time, the price of BTC reached a low of $43,189 each. BTC is down more than 7% today, but has risen another 28% in the last 30 days and 122% in the last three months.
- BTC’s dominance or market valuation over the rest of the crypto economy now stands at about 61.23%.
Bitstamp BTC/USD 3-minute interval chart February 28, 2021. At the time of publication, the BTC was trading at prices ranging from $43,600 to just over $44,000.
- The second largest crypto asset by market value is Ethereum (ETH), which traded at $1,318 apiece on Sunday. ETH prices are down over 10% today and lost 31% last week.
- Cardano (ADA) is currently the third largest market cap, and each ADA is trading at $1.20 each. The ADA was a play that outperformed other crypto assets by a wide margin over the past two days, while most markets were down. The ADA is down 12% today, but the seven-day statistics show that the mapping is up over 10%.
- Cardano (ADA) is expected to be the 1st. March 2021, introduction of native token functionality in the Cardano network.
- Meanwhile, Tether (USDT) is in fourth place, followed by Coin Finance (BNB) at $197 each. The token created by Binance fell 11% on Sunday and 31% last week. Behind the NBB is a polka dot (DOT) that trades at $30 per DOT.
4-hour candlestick chart of CTB/USD on February 28, 2021.
- XRP has been pushed back to seventh place and is down 10% today. Each XRP is traded at $0.39 per unit. Litecoin (LTC) is trading at $155 apiece and is down 9% this weekend.
- Stablecoin USDC, managed by cryptocurrency company Circle, has entered the top 10 cryptocurrency market values. The USDC is currently the seventh-largest stock market valuation with $8.97 billion in revenue.
- Finally, Stellar (XLM) ranks tenth among existing crypto tokens with over 8,000 crypto tokens. An XLM is currently trading at $0.39 each and, interestingly, has roughly the same value as the XRP, as the blockchain in the Stellar network is similar.
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How about all the action at the market on Sunday the 28th? February? Let us know what you think in the comments below.
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25% loss, bear, bear, bitcoin, bitcoin (BTC), bitcoin cash, bitcoin price, BTC, cryptographic assets, litecoin, low, low market, falling prices, price, tether, top 10, USDC
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