Bearish Outlook as Bitcoin’s Seven-Day Average Sinks 25%, ADA Shines During the Storm – Market Updates Bitcoin News

Bearish Outlook as Bitcoin’s Seven-Day Average Sinks 25%, ADA Shines During the Storm – Market Updates Bitcoin News 1
Bearish Outlook as Bitcoin’s Seven-Day Average Sinks 25%, ADA Shines During the Storm – Market Updates Bitcoin News 2

Bearish Outlook as Bitcoin’s Seven-Day Average Sinks 25%, ADA Shines During the Storm – Market Updates Bitcoin News 3

Bearish Outlook as Bitcoin’s Seven-Day Average Sinks 25%, ADA Shines During the Storm – Market Updates Bitcoin News 4

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.

Bearish Outlook as Bitcoin’s Seven-Day Average Sinks 25%, ADA Shines During the Storm – Market Updates Bitcoin News 5

  • 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.

Bearish Outlook as Bitcoin’s Seven-Day Average Sinks 25%, ADA Shines During the Storm – Market Updates Bitcoin News 6

  • 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.

You want to monitor all prices of coded assets and market movements in real time? Visit markets.Bitcoin.com today!

How about all the action at the market on Sunday the 28th? February? Let us know what you think in the comments below.

Tags in this article

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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